The Family Business.

From: Professional Remodeler | Date: May 1, 2008 | Copyright information

By Michael R. Morris, Editor in Chief

What does the future hold for this cornerstone of the remodeling industry?

The very first remodeling company was a family business. As long as there's a remodeling industry, there will be family businesses.

But as more corporate entities, franchises and large regional firms emerge on the landscape, the question begs to be asked: what is the future of the small, family-run remodeling business? And what strategies...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and journal articles from HighBeam Research

Family Businesses Dominate: International Family Enterprise Research Academy (IFERA)
Family Business Review ; International Family Enterprise Research Academy (IFERA) collected some numbers about family businesses to confirm what several experts in the field have always claimed: that family businesses dominate most economies around the world. IFERA asked over 60 researchers and professionals dealing with
Conference examines dynamics, challenges of family businesses.
Jordan Times (Amman, Jordan) ; Byline: Hana Namrouqa Jun. 10--AMMAN -- Less than 6 per cent of family businesses survive beyond the third generation, Minister of Industry and Trade Salem Khazaaleh said on Saturday. He attributed the short period of family control to rivalry over profits, lack of competitive competence and
National Association of the Remodeling Industry
Minnesota Monthly ; The National Association of the Remodeling Industry (NARI) is a not-for-profit trade association dedicated solely to the remodeling industry. As the voice of this industry, NARI has an inclusive, encompassing purpose: to establish and maintain a firm commitment to developing and sustaining programs
Asian family businesses: From riches to rags?, MALAYSIAN BUSINESS
Malaysian Business ; 00-00-0000 CALL it a curse, a superstition or plain providence but one fact remains - Asian family businesses seldom last beyond three generations. As the Chinese saying puts it, `Wealth does not endure three generations.' Whether it's a coincidence or not, many Asian family businesses suffer from
Family Businesses and Interfirm Cooperation
Family Business Review ; The objective of this article is to formulate hypotheses as to cooperation tendencies and capabilities in family businesses. As a first step, the circumstances under which intercompany cooperation arrangements originate are presented on the basis of an analysis of the relevant literature. Then,
Family businesses' contribution to the U.S. economy: A closer look
Family Business Review ; In 1995, we were commissioned to conduct research on the impact of family businesses on the U.S. economy. A search of all relevant research led to the conclusion that the majority of existing data relating to family businesses' economic contributions were not grounded in empirical research, and the
Industrial family businesses in Germany - Situation and future by Gunter Kayser, Frank Wallau
Family Business Review ; As reported in an earlier study by Wallau and Kayser (2001), over 99% of German firms are small and medium-size enterprises (SMEs)those with fewer than 500 employees or with an annual turnover of less than 100 million DM. Astonishingly, 94.8% of these firms are owner managed, with most family
Consulting to Family Businesses: A Practice Guide to Contracting, Assessment and Implementation
Family Business Review ; Consulting to Family Businesses: A Practice Guide to Contracting, Assessment and Implementation by Jane Hilburt Davis and W. Gibb Dyer Jr. San Francisco: Jossey-Bass/Pfeiffer, 2003. 261 pp. paper. Certain innovations fill an enormous need in such an efficient way that years later people wonder how
Family businesses need planning.(SUCCESSION STRATEGIES)
Official Board Markets ; ... they invest in employee loyalty, which translates into productivity and a reduction in turnover, he says. While that is great news, not everything is rose-colored when it comes to family businesses. Only 33 percent of family businesses survive to the second ...
Educational Needs of Family Businesses: Perceptions of University Directors
Family Business Review ; Universities have developed family business centers during the past two decades as they and others realized the importance and complexity of family businesses. However, there has been no comprehensive investigation of the unique educational needs of family businesses. The purpose of this study is