Paul Minor – a Bristol, Connecticut, native who runs the farm his great, great, great grandfather opened more than 150 years ago – is finally stepping away from the family business.read more
The European Family Business Monitor suggests that 71 percent of family firms are feeling confident or very confident in their business’s prospects for the next 12 months. Only two percent feel negative. Moreover, 57 percent report increased turnover over the past year, while 27 percent maintained revenues. So does being a family firm mean you’re more likely to succeed?
family businesses globally have unique challenges or problems that non-family enterprises do not normally face. If you are running a family business, or are planning to start one, it’s important that you know these challenges so that you devise strategies to handle them otherwise they will handle you.
Bravo TV host Tabatha Coffey knows there are a lot of nuances involved in starting a family business.
In Gaither, Arkansas, family farmers Kayla and Austin Pratt are very active farmers and involved in the community. Kayla is also the current Farm Bureau board president.