A good succession plan requires work, insight
It is often said that one of the most important considerations in any investment is the exit strategy. An exit strategy is important for...
Husbands, wives can be strong business partners
Erick Romero and Nuris Marcano are partners in business and partners in life.
They were the latter first, married in Venezuela before they...
Making the most of non-family talent
One of the biggest challenges facing family-run businesses today is high turnover of non-family employees, especially in executive positions. Often I hear from frustrated...
Family financing can help or hinder
Dad paid the first month’s rent for his office. His first company car was a station wagon, and he plugged away at growing the...
For the Cardi brothers, family is a brand name
Before they were at the helm of one of the largest furniture store businesses in the region, the Cardi brothers were just three boys...
Historic Munroe Dairy has long family tradition
Twenty years ago, Rob Armstrong decided to paint one of his milk delivery trucks like a Holstein cow. When his grandfather saw the black-and-white...
It’s time for all small businesses to get online
Small and medium-size businesses (SMBs) are reaping the rewards of the Internet more than ever. In a recent survey, SMB owners overwhelmingly said their...
Generations often pull in different directions
It is often said that you should not mess with a good thing – if it ain’t broke, don’t fix it.
In a family-owned business,...
Daughters take charge of fathers’ legacies
It’s an old and cherished pattern: The father starts a business, then grooms his sons to take it over, and they, in turn, pass...
Keeping businesses in the family <br>can be no small feat
Collette Vacations is the oldest tour operator in the nation, started in 1918, and one of the largest, with 581 employees and more than...
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