But little of that advice appears to be about planning for the future; the vast majority of
family business owners say they have no idea what they'll do with their business once they're ready to retire or when they die.
Not exact matches
According to the Wells Fargo / Gallup study, women
business owners said their top three sources of initial funding for their
business are cash or savings (85 percent), personal credit cards (37 percent) and financial gifts or support from
family or friends (29 percent).
Fellow
business owner and maternity designer Rosie Pope
says, «My first «real» job was as an entrepreneur, so I have always felt incredibly responsible for my own finances and also for my employees and
family....
Wayne Rivers, president of consulting firm The
Family Business Institute, echoes that the deal doesn't do much to help smaller
businesses, and
says it has only heightened frustrations among already strained
owners.
«I don't think small -
business owners have to worry much about paid
family leave,»
says Harry Holzer, a professor of public policy at Georgetown University.
Small -
business owners can get so wrapped up in their company that they make the mistake of leaving
family finances completely in the hands of their spouse or partner, Lambert
says.
«Every dollar put into helping more people in Miami participate in our city's economic opportunities is an investment in our future and these funds will go to community organizations that are helping
families and small
business owners get ahead and build a path to prosperity,» Guillermo Castillo, market leader and head of commercial banking for Chase in South Florida,
said in a statement.
The change, he
said at the time, came in response to concerns the measure could have negative tax implications for small
businesses following a death and create challenges for
owners who hoped to pass their
family businesses to the next generation.
J.W. Marriott, Jr., chairman and chief executive officer of Marriott International,
said, «Our associates in our timeshare
business have built the industry's most admired company, one that delivers the best vacations in the world to more than 400,000
Owner families.
If I read the «Opinion of the Court» correctly, all they are
saying is that HHS must treat «closely - held» (e.g.,
family owned)
businesses the same as they treat religious non-profit companies with respect to their beliefs about contraception / abortion if those
businesses can show deeply held religious beliefs of the
owners.
«Because of the
family history and heritage, and with the
owners directly involved in the day - to - day
business, it has allowed the organization to maintain a
family culture,» Tim Burke
says.
«Berk Enterprises is a
family owned
business that grew from a mom - and - pop operation to a company that sells across the U.S. and parts of the E.U.,»
says Rob Berk, who is the
owner, president and CEO of Berk Enterprises.
Angelo's Fresh Market was a logical extension for the
family meat - cutting
business,
says owner Carla Bolin.
When he announced the endorsement, the union's president, Bruce Both,
said Meng had «pledged her support for our Union's effort to hold Walmart accountable for reckless corporate policies that effect the worker
families, small
business owners, and women that live in the 6th Congressional,» adding: «Our Union believes that Grace will help unify an ethnically diverse community around the most pressing issue facing our Unions membership: keeping New York City Walmart free.»
Business owners say that a session that saw the minimum wage increase, to eventually $ 15 an hour in New York City and $ 12.50 upstate, along with a phased - in partial paid
family leave, will be costly to smaller employers who operate on the edge in a shaky economy.
«Michael Arcuri is flip - flopping almost as much as he is raising taxes on Central New York
families and small
business owners,»
said NRCC spokesman Tory Mazzola.
Business owners say that a session that saw the minimum wage increase to eventually $ 15 in New York City and $ 12.50 upstate, along with a phased - in partially paid
family leave, will be costly to smaller employers who operate on the edge in a shaky economy.
«Most importantly, Grace has pledged her support for our Unions effort to hold Walmart accountable for reckless corporate policies that effect the worker
families, small
business owners, and women that live in the 6th Congressional,» Mr Both
said in the statement.
«As the first woman to run my
family's auto repair and auto body shop, I know from experience what the challenges and opportunities are to build a successful
business,»
said Audra Fordin,
Owner of Great Bear Auto Repair and Auto Body Shop.
Feds in the Northern District of New York (upstate is their beat) were
said to be looking at Bruno's home based consulting firm Capital
Business Consultants, as well as real estate deals involving Bruno, some
family members, and buddy Jared Abbruzzese, part
owner of Evident Technologies a nano - tech company in the Capital Region.
«The choice for Republicans is clear: they can keep Richard Hanna, who votes to raise taxes, to extend U.S. debt to economically dangerous levels by voting with Obama, Reid and Pelosi to raise the debt ceiling while bankrupting our nation, or they can choose a commonsense Republican like me who has a proven record of voting to reduce taxes, voting against the implementation of Obamacare in New York, votes against funding an illegal database (including ammunition database) against legal gun
owners, voting against increasing our debt ceiling in New York and supports countless initiatives to reduce the burdens of government red tape on individuals and small
businesses, including
family farms,» Tenney
said.
I have enjoyed the opportunity to travel the district, meeting and serving the
families and
business owners of this vast community,» he
said.
Vallone, however, called himself the «only candidate with any
business experience,» referring to his
family's long - operating Queens law firm, and
said he would fight for the interests of the neighborhood's small
business owners.
«As a private - sector
business owner and resident of Saratoga County, I am encouraged to see sustained economic growth that is benefiting both
businesses and
families,»
said Kevin Hedley, Chairman of the Saratoga County Prosperity Partnership.
«She is encouraged that the Congressional Budget Office
says the American Health Care Act will lower premiums by 10 percent, reduce the federal deficit by $ 337 billion, and lower taxes by $ 883 billion, providing significant tax relief for middle - income
families and small
business owners.
He also
said he was inspired to run by
business owners who told them they were on the verge of failure, and he vowed to be a senator who «will go down to Washington and fight for the hard - working
families of New York.»
Chairwoman Sue NcNeil
said the rep has put the needs of North Country
families and small
business owners first.
«I'm grateful for the continued outpouring of support for our re-election campaign across the district, and across our state for our campaign to make Washington work for North Country small
business owners, our veterans, our farmers and for our
families,»
said Rep. Stefanik in a statement.
«Many
families, farmers and small
business owners have reached out to my office and expressed grave concerns with the proposed pipeline,» Skartados, D - Milton,
said in a press release.
«We are proud to have the support of Lower Manhattan
families and small
business owners who know that the only way to truly save the South Street Seaport is to invest in its future,» he
said.
Gillibrand
said the plans are particularly useful for small companies whose
owners are reaching retirement age but have no
family members or locally - based buyers to take over the
business.
Our teachers, nurses, moms, dads, small
business owners and working
families are the backbone of our community and they deserve a State Senator who will always put them first,» Cruz
said in a news release.
«When the economy is mismanaged,»
said Rick Kasa «small
business owners and working
families are the ones that get hit the hardest, and someone has to fight for them.
«I've carefully reviewed this bill and consulted with local
families, small
business owners and individuals throughout our community,» he
said.
«Instead of urging people to leave our region, we should be working to implement policies that help small
business owners and
family farmers to draw people and jobs back to our region,» Tenney
said.
«I'm pleased that the Federal Claims Court has found what Missouri
families, farmers, and
business owners have been
saying for more than a decade: The Army Corps of Engineers» mismanagement of the Missouri River has resulted in widespread damages with substantial costs,» Blunt
said in a statement.
«This
business can take time away and become more of your
family than your actual
family,»
says Corn,
owner of Jarret Corn Cattle Company in Plains, Texas.
«We are dedicated to growing our
family owned and operated business by maintaining our values, and relentlessly pursuing our mission of providing the highest quality nutritional foods for pets, while working hard to keep and create jobs here in Wisconsin,» said Tom Nieman, owner of Fromm Family
family owned and operated
business by maintaining our values, and relentlessly pursuing our mission of providing the highest quality nutritional foods for pets, while working hard to keep and create jobs here in Wisconsin,»
said Tom Nieman,
owner of Fromm
Family Family Foods.
Its employee
owners may one day hold a majority stake in the
business, but Lars
says that he expects his
family to retain an ownership stake in perpetuity.
There's nothing that
says that every
business owner has to have the same goals; if you deliberately decide that you'd rather hire friends /
family than get the best results / profits possible, that's totally up to you.
«We had eight of our own team members severely affected, yet our whole firm, community,
business leaders, friends and
family came together to assist in rebuilding,»
says Nimesh Patel,
owner and managing partner of RE / MAX Fine Properties in Sugar Land, Texas.
Owners of single -
family homes have long been able to convert a bedroom, den, or basement to an office, but down the road more condo buyers and apartment renters will find homes with small, dedicated spaces for
business use,
says Robert Kaliner, president of the Ascend Group, developer of the luxury Georgica condominiums in New York, where each glass - wrapped unit will have a home office (www.georgicany.com).
«As the leading advocate for home and property
owners, NAR applauds this bill for the relief and protection it will bring to
businesses and
families nationwide, who are experiencing financial hardship because of the extreme and sudden premium increases,» NAR President Steve Brown had
said after the Senate had approved the bill.
The brokerage was founded in 2006 with a goal of «bringing a level of service to our clients that only an independent brokerage can deliver and a
business model that allows agents to have successful careers balanced with a great
family life outside of work,»
says broker /
owner Tracy Arnett.