Interrupted Entrepreneurship by Ramez Baassiri
Such disruptions could be because of a dip in the economy, a natural disaster that creates havoc, a shift in the public’s buying habits, or new technology that can do what you do better.
“Interruptions within a business are as much a part of life as breathing and blinking,” says Raméz Baassiri, author of Interrupted Entrepreneurship: Embracing Change in the Family Business. “They are viewed by some as hiccups, challenges, or even crises.”
Baassiri, a board member of AHB Group, a multinational and multigenerational family business, says such moments can prove deadly to a family business, which about 80 percent of all businesses in the United States are. But those disruptions also can be the catalyst for even greater success, depending on how they are handled.
He says a few things family businesses can do when life upends the daily routine include: Continue Reading