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

http://www.nytimes.com/2009/02/05/business/smallbusiness/05sbiz.html?partner=permalink&exprod=permalink

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.

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2 Comments so far
Leave a comment

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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