Member News & Interesting Reading – May

Member News

Velvet inducted into Family Business Hall
Mount Vernon News
We are so honored to be inducted into the Central Ohio Family Business…Reitter Stucco and Supply, Ricart Automotive Group, Robin Enterprises,…

New name, new look, new features for Penzone salons start in Dublin
Business First
A new iteration of Charles Penzone Inc. is as much about who the company is now as what it is doing…

Thousands run in 15th annual Capital City Half Marathon
The Columbus Dispatch
A little more than an hour and seven minutes after a river of bobbing heads and pumping arms poured south on High Street, Evan Schwartz willed his legs to move a little faster. Schwartz, 24, of Clintonville, won the OhioHealth Capital City Half Marathon after trailing Josh Park, an Ohio University cross…

Interesting Reading

Podcast | Explore the might of family-owned businesses in India
Moneycontrol.com
From kirana stores to multi-million rupee empires, family-run businesses have fuelled entrepreneurship in India. The Tatas, Birlas, and Ambanis are some of the most powerful and recognised business families and it is such companies which have catered to the daily needs of millions of citizens in India…

Family businesses sacrifice cash in the name of innovation, study finds
Access and Mobility Professional
The report clearly shows that family business owners are not resting on their laurels, however there are still key threats to innovation which often include dependence on the innovative strength of the founder and a high percentage of the family wealth being tied up in the business, making it unavailable…

How The 4 Yuengling Sisters Manage The Family Business
Forbes
We have grown up in the business, and it’s an exciting time to be at D.G. Yuengling & Son, Inc., as women, particularly in a male-dominated industry. But, this is a family owned-business, first and foremost,” says Wendy Yuengling. “Everyday we’re inspired by the previous generations, their hard work…

Keeping the family business together
The Business Times
Distributing assets, using trusts and passing the baton before one passes on, are some ways to fend off family feuds. Tue, May … The Branksome Road family home owned by the founder of the Swee Kee chicken rice shop (above) was named in a dispute among his heirs over who was entitled to what…

How to encourage children to join the family business
Telegraph.co.uk
Q My eldest is starting to ask questions about the family accountancy business. I don’t want to come on too strong (she’s only 16, so has plenty of time), but it would be nice to at least give her an idea of what her dad does and how she has the option to do the same one day. A I totally understand why…