Eva Gabor's "Green Acres" TV sitcom character, Lisa Douglas, may have had it right almost 50 years ago: "Farm living's not the life for me." Today, only 15% of the…
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Addiction contributes to poor communication, lack of trust, and even dysfunction in family enterprises. Data from a 20-year study led by ReGENERATION Partners indicates that over 50% of family firms…
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Fort Worth based Meridian Bank Texas recently acquired family owned State Bank & Trust Co. based in Carrollton. The State Bank & Trust Company has been owned by the Bright…
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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…
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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…
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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…
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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.…
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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…
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