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Herschend prepares to open its theme parks

Published May 26, 2020 Barbara Spector |

Family-owned Herschend Enterprises, which delayed the openings of its theme parks because of COVID-19, is currently evaluating opening dates for the summer.In addition to theme park operator Herschend...

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Specialty Restaurants reopens some of its locations

Published May 26, 2020 Barbara Spector |

Guests can once again reserve a table at Florida and Ohio eateries operated by Specialty Restaurants Corporation, a family-controlled company that owns 19 dining spots. In addition to Florida and Ohio...

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Family-owned Bealls Inc. is financially healthy and open for business

Published May 21, 2020 |

Although Houston-based Stage Stores Inc., which operates stores that use the Bealls name in several states, filed for Chapter 11 bankruptcy protection on May 10, Bealls Inc., the family-owned company ...

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Branding your family business after the pandemic

Published May 18, 2020 R. Travis Coley |

The COVID-19 pandemic has altered the business landscape, resulting in both demand shock and supply disruption. In a matter of weeks, we moved from growth and expansion to a full stoppage of non-essen...

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Cybersecurity attacks target the wealthy

Published May 14, 2020 BlackCloak |

Changes in technology over the past couple of decades have created untold opportunities. With terms like digital age, information age, wireless and connectivity, the era of computers combined with the...

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Amping up structures to prepare for the future

Published May 13, 2020 Margaret Steen | Feature Article

In the late 1980s, Charles A. Collat Sr. asked his four children if they knew what it meant to run a family business.“Being young and naive, we said, ‘Absolutely, we know what it means to run a fa...

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Practical steps you can take to help your business survive COVID-19

Published May 13, 2020 Michael Brandess | Feature Article

Conflict and disruption are woven deeply into the fabric of most family businesses. If there isn’t an external threat occupying the family’s attention, an internal one is ever present. Because of ...

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Financial strategies to deploy in tough times

Published May 13, 2020 Beth Braverman | Feature Article

Many economists believe the United States may already be in a recession, due to widespread business disruptions from the COVID-19 ­pandemic.Unemployment claims spiked to 6.64 million during the week ...

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Getting a grip on holding companies

Published May 13, 2020 Maureen Milford | Feature Article

Philip Clemens, retired chairman of the 125-year old Clemens Family Corporation pork-processing company in Hatfield, Pa., knows firsthand that a holding company structure can play a pivotal role in th...

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A survey of enterprising families' governance practices

Published May 13, 2020 Dennis T. Jaffe | Feature Article

Research over the past three decades suggests that family assemblies, family councils and other governance structures help a business-owning family sustain their enterprise over multiple generations. ...

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How to manage the challenges of an embedded family office

Published May 13, 2020 Charlie Carr | Advisers

Many successful family businesses have a form of family office embedded in the company. It may start with the CFO helping family members with their taxes, or someone in accounting setting up the books...

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How families can govern their way to successful impact investing

Published May 13, 2020 Mary Pang | Advisers

Whether you’re a newly minted tech billionaire in Silicon Valley or the owner of a family business in Asia experiencing exponential growth, you’re likely to face challenges in coming to terms with...

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Survival mode

Published May 13, 2020 Barbara Spector | Departments

As I write this — from home, since our team is now working remotely — the United States is in the midst of a public health crisis. The coronavirus has disrupted business operations, wreaking havoc...

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Helping you navigate through this crisis

Published May 13, 2020 Bill Rock | Departments

As COVID-19 continues to spread around the world with devastating effects, first and foremost, we are focusing on the health, safety and wellbeing of our employees, families, customers and communities...

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Family Matters: May/June 2020

Published May 13, 2020 | Departments

Joshua Patinkin, a third-generation family member, has been promoted to senior vice president, capital markets at Golub & Company, an international real estate development and investment firm base...

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Dueling Perspectives: Family education programs

Published May 13, 2020 Barbara Spector | Departments

MacLean Fogg Co., a global enterprise that makes engineered components for the electrical, telecom and automotive industries, has 23 family stakeholders. The Mundelein, Ill.-based company has been con...

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At the Helm: Chris Thorkelson

Published May 13, 2020 Patricia Olsen | Departments

Generation of family ownership: Second. Pat Lloyd, my mother’s sister, started the company with her husband, Craig, in 1972.Company revenues: $150 million.[[{"fid":"12308","view_mode":"default","fie...

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Celebration Corner: Sutter Roofing's 40 years in Florida

Published May 13, 2020 Barbara Spector | Departments

The Business: Claire Phillip “C.P.” Sutter founded a roofing and metal company in Clarksburg, W.Va., in 1902. The company grew along with the north central West Virginia region during the 1910s an...

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Tips on interviewing valuation firms

Published May 13, 2020 Travis W. Harms | Departments

As family businesses mature, the reasons for developing an ongoing relationship with a valuation firm multiply. Whether you are establishing a valuation process for a shareholder redemption program, c...

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Family is part of the package at New Jersey box company

Published May 13, 2020 Patricia Olsen | Departments

Marketing 101 teaches that packaging is an important part of marketing strategy, a tenet that has been a boon for Accurate Box Company of Paterson, N.J. The fourth-generation family business manufactu...

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