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So far Team - Thomas Schmidheiny Centre for Family Enterprise has created 177 blog entries.

Sugar Bowl owner reflects on nearly 100 years of family business

By | January 20th, 2017|Family Business|

Gaylord’s oldest restaurant and one of the city’s most iconic businesses is temporarily closed after longtime owner Bob Doumas sold the Sugar Bowl and retired. As of 2 p.m. Sunday, Jan. 15, the Sugar Bowl, located at 216 W. Main St., closed. It has been sold to a new organization. “It’s bittersweet,” said Doumas, 86. [...]

Global Family Office Report 2016 Key Findings – Impact Investing

By | January 20th, 2017|Family Business|

According to legend, The Rockefeller Foundation coined the term ‘impact investing’ in 2007, putting a name to investments made with the intention of generating both financial return and social/environmental impact. Has the concept reached maturity nearly a decade later? Family offices around the world are far more active in impact investing than originally thought, with [...]

Do “Corporate Formalities” Matter in Family Businesses?

By | January 13th, 2017|Family Business|

Family owned corporations are subject to the same statutory requirements regarding entity governance as non-family owned businesses. Thus, in order to fully comply with the applicable statute for the state where the business is incorporated, a family business should pay attention to all provisions that require annual or other ongoing action by the company. These [...]

Five Tips for Leading a Successful Family Business

By | January 13th, 2017|Family Business|

Razak Dawood ’68, the chairman of Descon, a family-run power, engineering, and chemical conglomerate based in Pakistan, manages more than 14,000 multinational employees across seven countries. Dawood spoke about his own experiences and offered five crucial tips for running a successful family enterprise at Columbia Business School. Tip 1: Start in the right position: When [...]

Fourth-generation Mpls. furrier adapts to times, tastes

By | January 6th, 2017|Family Business|

If it snowed more than 7 inches on New Year’s Day, customers who had bought a fur, leather or other coat at Ribnick Luxury Outerwear in December would have been entitled to a full refund. Bill Ribnick, president of the Warehouse District business, wasn’t sweating the offer. He had bought an insurance policy to cover [...]

Enduring Firms Transfer Assets and Knowledge Effectively

By | January 6th, 2017|Family Business|

Co-written by Brian Henry, “The Hénokiens: The Families and Firms Who Made History” is a case study of 47 family businesses which have been in the same family for more than 200 years, revealing important insights into how such firms have not just survived, but prospered. Understanding assets is important to all businesses. Family businesses need to [...]

Close family ties, and a secret recipe, keep business going

By | December 29th, 2016|Family Business|

Stop by Ricci’s Italian Sausage in McKees Rocks this holiday season and you might be served by an orthopedic surgeon or an attorney. The lawyer is Ernest A. Ricci, 30, great-grandson of Ricci’s founder, the original Ernest Ricci, while the surgeon-in-training is Gianni Ricci, 27, Ernest A.’s younger brother. The two sons’ presence at the [...]

How a Founder’s Family Will Shape the Future of This Business

By | December 29th, 2016|Family Business|

Susan Michel has always taught her four kids a consistent lesson: You get what you earn. Susan, 58, has approached succession planning at her financial advisory business, Glen Eagle, with the same philosophy. The kids have watched her grow the Princeton, N.J., firm from a kitchen-table operation into a regional stalwart with $400 million in [...]

Good governance is survival for family firms in the GCC

By | December 23rd, 2016|Family Business|

The family business is one of the oldest and most common economic organisational models. The significant role they play in the global economy is undeniable, with companies such as BMW, Wal-Mart, Toyota and many more all having started as family businesses, and at some point adapting their structures, processes and policies to continue to grow [...]

Most companies don’t last 50 years, but these Pittsburgh businesses have

By | December 23rd, 2016|Family Business|

Here’s how hard it is for a business to survive 50 years: only about 36 percent of them make it to their 10th birthday, and about 21 percent make it to their 20th anniversary, according to the U.S. Bureau of Labor Statistics. There are many reasons why so few companies last. They expand too quickly [...]

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