Building a Foundation for Multigeneration Success

 

Much has been written about how family business owners can beat the odds of “shirtsleeves to shirtsleeves in three generations.” But far too often, families wait until a crisis to create policies and procedures to help them navigate the challenges of being a business-owning family. Acting proactively and with intention can help family businesses beat the odds and achieve long-term success.

 
 
 
 
 
 

Four Generations, One Workforce

 

The U.S. workforce is composed of four major generations, each with members who were influenced by the events and technology in which they were born. While these multiple generations in the workforce affect all of society, they have a unique impact on family businesses.

 
 
 

Thriving Through Economic Ups and Downs

 

When family-owned Olsen’s Grain began selling food for livestock and pets in Chino Valley, Arizona in 1979, the company didn’t realize how industry changes would influence its development. Now, 40 years later, the business has added five locations across the state. What lessons can we learn from their success?

 
 
 
 
 
 
   
 
 
 
 
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