Business: Arto NxtGen: Armen Alajian – 2nd Generation Position – President Can you tell us about the start of your family business? Our family business story goes back to my grandfather, who was orphaned in Armenia and found himself alone in Syria as an 11 year old. ...
Family-owned businesses are much more than just the oldest form of economic organization. They may actually be the most important to today’s economy! According to the U.S. Bureau of the Census, about 90 percent of all businesses in America – roughly 5.5 million – are...
Family businesses are everywhere. And they’re often misunderstood. Many think of family businesses as old-fashioned companies, passed down from one generation to the next, sometimes across three or more generations. Findings from the first ever Family Entrepreneurship...
It is that time of the year again when so many people are going to be setting their New Year Resolutions. This process is always fascinating to watch because while it is a powerful practice for those who follow through on their goals, for most it is yet another year...
If you aim at nothing, you will hit it every time. – Zig Ziglar Purpose is a concept that is ubiquitous in the personal development and healing space these days. There are coaches that dedicate their entire practice to helping people find their purpose in life and...
“Boys, we have to talk about Brody,” Barbara Drummand said to her sons. Robert turned to his brother Sinclair and rolled his eyes. Their Mom always took Dad’s side when it came to employee issues. As Vice President for Drummand Electrical Supply he felt his job was...
As the number one program in entrepreneurship*, Babson College takes a different approach in the way we look at businesses that involve families as owners and operators. We even have a different name for it: Family Entrepreneurship, NOT family business. Family...
Batman Born Bruce Wayne to wealthy and successful Doctor Thomas Wayne and his wife Martha, the man who would strike terror into the hearts of criminals as Batman was devastated when he watched his parents gunned down in front of him at the tender age of eight. This...
This week we’re going to go over some old ground, and cover some things that are brand new to this space. There’s an “A-Ha Moment” involved, as well as a new way to attack an old problem. One thing most regular readers will recognize is that we’re once again visiting...
Business families, or “families in business”, as they’re often called, come in all shapes and sizes. Advisors who work with them, like me, sometimes have trouble agreeing on the labels that we should be using to identify this segment of society. Recently, a term...
Complicating factors include inflation, interest rates and midterm election fallout. Over the past two years, the virus on everyone’s mind was COVID. Today, the virus is inflation. As the cost of goods and wages rise, the country’s biggest private employer segment —...
Following many conversations with philanthropists over the course of two decades, one thing is clear: it’s important for them to continuously enhance the work they’re doing to support the causes they care about. But no matter the mission, foundations can enrich their...
Bipartisan Group of Congressional Members Launch Congressional Family Business Caucus Focused on Family-Owned Businesses Today, Representatives Jodey Arrington (R-TX), Tom O’Halleran (D-AZ), Claudia Tenney (R-NY), and Brad Schneider (D-IL) launched the bipartisan...
Nieke and Daan Renssen PrideStaff Co-Owners, Strategic Partners Temp-to-Hire Staffing and Direct Hire What led you to start the business? Nieke -- Daan and I are from Holland and we both had professional careers there. Daan spent 20+ years in a variety of corporate...