Family Owned Business Face Critical Issues

Online, March 22, 2010 (Newswire.com) - Family businesses are the very fabric of global economies and their success is vital to any economic recovery. In the turmoil of today's economic environment The Network of Family Businesses provides a global, on-line business network for families in business. This network has key capabilities like social networks but with a Family Business twist and an educational component. Family Business Leaders are able to network with advisors, colleagues, and friends to preserve their family and their families' business legacy. In addition, these leaders can learn from monthly educational seminars and tap into a variety of on-line articles and materials.

Family leaders frequently feel isolated as they face the issues of transferring the business to the next generation, building family unity, and growing the business. However, family business leaders are learning they need not walk this journey alone.

In an effort to support these Family Business leaders, Steven K. Moyer, President of The Network of Family Businesses states now there is a platform to nurture on-line dialogue and facilitate learning without these leaders leaving their office. This provides families a way to trim travel budgets and limit time away from the office.

The website www.netfamilybusiness.com provides a public on-line forum for dialoging with other families in business as well as confidential on-line forums to discuss critical questions families in business face.

The featured speaker for the first seminar in April is Philip A. Clemens, Chairman and CEO of The Clemens Family Corporation. Phil will lead the dialogue on critical issues their family has faced in keeping the business in the family for 5 generations.