Sentences with phrase «of generations of family»

«So to be able to set up the next couple of generations of your family for a nice life, it's very fortunate and very privileged that we're able to do that.»

The energy of generations of family members may have gone into making the business a success.

I think the recipe has taken on the personality and soul of each generation of my family, and I can't wait to see what my 9 - year - old daughter does with it one day.

Not exact matches

The results showed that as family businesses get passed down through generations, the possibility of a company stagnating in an unchanged state could pose a threat to its overall health.

Madsen looked at 609 family - run companies in Norway, many of which were small, first - generation companies, to see whether a firm's family influence and dynamic capabilities hinder or promote the type of entrepreneurship the business is working towards.

When you're thinking of a succession plan to keep a family business entrepreneurial as it gets passed down through generations, the research suggests that you recruit non-family members.

As a result of a decade - long succession planning process, the 17 - member family established a retirement fund for the founder, and then undertook a gap analysis to determine which skills were lacking among the members of the next generation.

Andrew Molson is a seventh - generation member of the family that still guides the company that bears its name.

Given the lack of preparation, it's not surprising that only one - quarter of family businesses succeed in transferring ownership and control to the second generation, and only 11 % make it to the third, says Michelle Osry, Canadian leader of Deloitte's family enterprise consulting group.

Some say one long - term scenario has Canadians making a final toast to the 200 - year - old brewer, as the Molson and Coors families turn their back on generations of tradition and sell out to one of the giants.

He said, «There is a great amount of happiness from being able to continue a business and has had 4 generations of family ownership.

Neil is the fourth generation of the Rossy family to run the firm.

Part of the Newfoundland and Labrador business community since the mid-19th century, Crosbie Group Limited is a family - run company in its fifth generation.

«I hope that someday all of you on the advisory committee can tell your families for generations that you were part of the process that ended the use of toxic treatments like chemotherapy and radiation as standard treatment, and turned blood cancers into a treatable disease that even after relapse most people survive.»

This is not so applicable to family companies, because the way these businesses think is in terms of prolonging a business to span generations.

And while white entrepreneurs of means are more likely to start a business with financial help from friends and family, generations of poverty in minority communities shuts the door on this prospect.

«The parents of the Millennial generation grew up in a feminist world, whether they claimed the label or not,» says Freedman «Women brought in a substantial part of family income and aspirations for women's educations changed... Now I think this current generation could be a breakthrough generation for feminism.»

Today, the factory, in its sixth generation of family ownership and with 80 employees, creates highly specialized glass, including lenses and domes that prevent color refraction, which airports around the world use to guide incoming pilots.

The steel factory in Reading had been family - owned and for generations, the workers saw themselves as part of the family.

«It is difficult to ask people to move away from family and friends to get a job, but it has been a reality of life for generations,» wrote one CEO.

Consultant East has helped a number of family - office clients ease the transition from the generation who built the fortune to the one who will inherit it.

When Jesse Laflamme returned home from college in 2000, his family's third - generation egg farm, Pete and Gerry's Organic Eggs, was on the verge of bankruptcy.

For larger families with more than one generation of siblings and spouses, the office often acts as the boardroom from which clients direct investing decisions and other financial endeavours such as philanthropy.

Single - family firms typically serve the most rarefied elite — those with assets worth $ 300 million and up — often over the course of multiple generations.

I grew up in a family of second generation business owners.

Lauder's cousin William said three of the four Lauders of his generation have chosen to work for the family business and each member has different authorities and expertise.

«A Spool of Blue Thread» spans four generations of the Whitshank family — a loving group of people who share laughter, tender moments, milestones, and the challenges of growing up — but just like any other family, they also experience disappointments, heartache, jealousy, and deep - rooted secrets.

For generations my family has worked with this most useful of metals.

One of the biggest mistakes Sage - Hayward says she's seen in family businesses is that the founders have been so busy working in and building the business that they haven't spent the time to work on building the skill set or engagement of the successive generation.

Current Chairman Garvin Brown IV is a descendant of the company's founder and is part of the fifth generation of Brown family members actively steering the family - controlled company.

Although he grew up in a family of entrepreneurs that goes back three generations, he had never received much encouragement to start a business of his own.

Before the age of 10, DeJoria, a first - generation American, sold Christmas cards and newspapers to help support his family.

His father, Douglas — already the second generation of family owners — was «not enthused about the idea» of franchising.

Because without real, genuine penalties on the line, without generations of men fearing that if they abuse their power, if they treat women like s — t, they'll be out of jobs, shamed, their families devastated — without that actual, electric, dangerous possibility: Nothing.

Instead of placing a lot of importance on leaving a big inheritance for future generations, she said many grandparents want to be the person in the family that people can turn to now — whether it's to help out with college tuition or get that must - have holiday gift.

Marilyn Greene was the third generation of a family that had owned and operated the Bridgeview Golf Course in Columbus, Ohio, since 1930.

When the time came to prepare the owner's exit, the franchisor reached out to both members of the family and worked with them to smoothly and profitably transition the business to the next generation.

Steven Kraus not only runs a third generation family business, Skyline Windows, but also a business full of families.

And my oldest son is now on the faculty, marking my family's third generation as University of Toronto professors.

The Brown family, who are fifth - generation owners of Brown - Forman, own a majority of the voting power and have indicated historically that they do not want to sell their company.

While Bhakta says that in the earliest days of launching WhistlePig, he toyed with the idea of building a spirits company to sell, he had long ago decided to keep WhistlePig in the family and run it for generations.

Free from any real responsibility, with more money than they know what to do with, the recent generations of Johnsons represent the idea of the wealthy family dynasty in its purest state: rich, bored and dangerously aimless.

In fact, passing on a subscription to the next generation has become something of a family tradition.

Early Marker: Joined board of Santander in 1989, putting her in line eventually to become the fourth generation of her family to lead the Spanish banking giant and arguably the third - most - powerful woman in global banking.

Mark Smucker, Chief Executive Officer & Director of The J.M. Smucker Company: Mark Smucker, the fifth generation of the Smucker founding family, was appointed CEO on May 1.

Fun Fact: Porter spends his time between Atlanta, home of SalesLoft, and Winter Haven, Fla., where his wife's family are fourth - generation tangerine famers.

As the «Czar of Cars» discusses on CNBC's «Blue Collar Millionaires,» Gill grew up in Fresno, Calif. working in a first - generation Indian family of immigrant farm workers.

The pressure of the successor's curse can threaten to engulf a successor such as James, leading to what most people see as the stereotype of a family business successor — the entitled next generation member who lives a lavish lifestyle and squanders away the family wealth.

The legends and lore of these dynastic families can cast a long shadow over members of the next generation; they are expected to repeat the successes of their parents and grandparents and are always seen in relationship to their family legacy.

The show chronicles the real life business dealings of three generations of the Harrison family and the wacky and weird stuff people try to pawn.