Family-Business

 This morning an article in the Wall Street Journal caught my eye. I tend to think long term about my personal and business objectives. As a child of immigrants, and indeed in the case of my mother, a refugee, I was taught to value the opportunities afforded to us in the United States. I was taught to understand Spanish, my mother’s native language, but to use English, because that is the language of the opportunity she fought so hard to lay at our feet.. I was taught that education is a privilege; something that is earned, and valued.

I realize that the heights to which I have climbed were made possible by my mother’s hand-stitching in Miami, and she did this in a time when the words “occupational safety” were about as ubiquitous as “cloud-based solutions”. Similarly, I also remember the stories of harvesting of dandelion greens from the lawns of the wealthy, which were then sold by the bag for a nickel each near Haymarket in Boston by my great-Grandfather. And by my grandmother getting a certificate and a job in bookkeeping to balance the thin budgets that she and my grandfather in West Roxbury used to keep them in the tidy middle-class home that they ultimately retired in, never losing sight of the projects from which they worked themselves, and their four children, free. The oldest of those children is my father.

I believe that you only need to lift a family once, and that the lift is a generational struggle. Whether originating from a cramped skiff braving the Caribbean from Havana to Miami, or in a hulking steamer crossing from Napoli through Gibraltar to Boston.

Once a family is lifted, the work to keep it there is also a generational struggle, but of a different kind. This article, IMO, provides a keen insight into five best practices to keep what you’ve lifted lofty.
http://www.wsj.com/…/how-to-keep-a-family-business-alive-fo…

 

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