Buy Local Pasadena Blog

NYT: Resilient in Hard Times: The Family Business
February 5, 2009, 12:08 am
Filed under: Media, Shop Owner's Corner

There’s an encouraging article by Jane Birnbaum in the New York Times today about the resiliency of small and family-run businesses during tough economic times. Go locals! We can do it!

Daniel Rosenbaum for The New York Times

Daniel Rosenbaum for The New York Times

In tough times, family businesses can pull together in ways that ventures with unrelated workers may not do as easily. “A family business can become like a turtle that pulls inward under its shell,” said Patricia M. Cole, an associate professor of family business and family therapy at Nova Southeastern University in Fort Lauderdale, Fla.


2 Comments so far
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True, family biznesses have an advantage.
But, those small biz owners & sole proprietors, who don’t have family members to lean on, are probably gonna experience lean times this year.

They need to seek out all the help & biz advice they can get.

Comment by Cafe Pasadena

Family run businesses are great, through thick and thin!

Comment by Antibody Fair Trade

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