Skip to Content

How to Make the Most out of Running the Family Business


Many of our Tribute and TrulinX software users are family-owned businesses. For example, recently we have profiled the Dale Prentice Company, B.W. Rogers Company, and TFE, Inc., which are all family-run companies.

In this article from the OPEN Forum, author Shira Levine lists some tips from successful family businesses:

  • Come to terms with the idea of working with your family.
  • Build onto what has already been established.
  • Find like-minded businesses to do business with.
  • Realize size doesn’t matter – it’s how you treat people.
  • Use your ability to make decisions faster and fix mistakes quicker.
  • Keep your emotional reactions out of business discussions.

You can read the details in the complete article here.

Connect with Tribute on Social Media


Talk with Tribute


Subscribe to our Newsletter

Sign Up Now

Tribute, Inc. is a provider of ERP business management software for distributors and system integrators in the fluid power, hose, motion control, automation, fluid handling & pump industry who provide value-added services.