Small Business Round-up – Week of July 29th

This week’s small business news review found that family businesses can lead to transition issues, small shops in one town are showing how climate change might affect coastal businesses, family-run businesses have unique challenges, LinkedIn joins the sponsored post race, and three reasons why a dedicated guest Wi-Fi network is advisable.

• Hand it Over
  When it comes time to hand over the reins to a family business, the succession isn’t always smooth. Gen Xers and millenials will be offered the keys to the company more often as baby boomers near retirement. Here are some dos and don’ts regarding a transition away from the business.
• Climate Extremes Hit Small Business
  Extreme weather and other natural dangers are beginning to get noticed. From wildfires to flooding, small businesses are feeling the effects of increased extreme events. One South Carolina town has initiated a unique way to show customers what the future might be like.                    
• Blood and Business
  Family-run businesses provide plenty of opportunities for disaster. The ties that bind don’t always translate to smooth operation of a commercial enterprise. How should heirs be compensated? How should conflict be resolved? Business advisors have plenty to say about how to family companies should be managed.
• LinkedIn Launching Sponsored Updates
  LinkedIn is rolling out sponsored updates, following on the heels of Twitter and Facebook. Soon small biz will have a way to reach the site’s 225 million members.
• A Guest Wi-Fi may be a Good Idea
  If your business provides Wi-Fi access to customers, one small biz tech website advises you to offer a separate Wi-Fi network to customers instead of allowing access to your internal network. Security, convenience, and usage control are three key reasons to add a separate network.