On June 23, the Francis family, city officials and regular customers celebrated The Depot Café, recognizing it as the oldest family-owned business in Frisco, Texas. Dennis Francis, the restaurant’s owner,…
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Years after working in his father’s shoe repair shop, George Vlagos has returned to his roots and is carrying on the family business with his own shoe-making business, Oak Street…
Ford Motor Company is doing CEO succession right. On May 1 they announced that Mark Fields, a 25-year company veteran, will replace Alan Mulally as CEO and President, effective July…
Eric Bassett, 20, started working for his family’s business, Bassetts Ice Cream, in Philadelphia when he was only 15 years old. The company has been in business since 1861 when…
Randy Marten, CEO of Marten Transport, has played an active role in the immense growth of the trucking company his father founded in 1946, pushing the family business to become...
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Mitchell Modell, CEO of New York based Modell’s Sporting Goods Inc., was recently accused by sister-in-law Abby Modell of using company money for more than $7 million in personal expenses….
Myth #3 – Family businesses are forever This third myth, sadly, is not true. Businesses, especially family-operated ones, are rather fragile. Roughly two thirds of family owned and controlled businesses…
Family businesses are too often like the proverbial “red-headed step child” in the corporate world. That’s because there are still a lot of misconceptions, or myths, about family businesses that…
All families and businesses experience conflict. Family businesses that survive practice the equivalent of controlled burns. By exposing and dealing with simmering conflicts in managed situations, they prevent buildup of…
There remains a high level of uncertainly about how the Affordable Care Act will ultimately affect family-owned companies across the country. In particular, small family business owners are waiting to…