Monday's Afternoon Update
What you need to know about Florida today.
Family business sales can be emotional
Between 80 and 90 percent of all U.S. companies are family businesses. Over the course of the next decade, more than 40 percent of those companies’ top executives will retire, making family business succession a major issue for thousands of enterprises and thousands of families. Here are five questions to help your family-owned company navigate the prospect and process of selling. [Source: Miami Herald]
» Florida Small Business Toolbox
Ron Stein Column
Not long ago I was looking for a place to eat downtown after a late morning meeting. As usual, my focus was on fast but healthy, and I had a number of restaurants in the main business district to choose from. Which one would catch my eye?
COLUMN: Table for one? For busy workers, your desk
So I’m settling in at my usual lunch spot. The decor is nothing fancy. Wood accents here and there. Fairly comfortable chairs. Fluorescent lighting.
I usually start with some cheese, and then have fresh vegetables and hummus.
This place makes things pretty convenient, too. When I’m done eating, I merely clean my area — no busboys here, alas — and get back to work. By moving my hands back onto my keyboard.
Like millions of other workers across the country, I rarely eat lunch anywhere other than my desk. [Source: Florida Today]
Northeast Florida nonprofits rethinking fundraising efforts
As governments have shrunk their budgets, programs that were totally or in part supported by government funding have had to look elsewhere to survive. As a result, the competition for private dollars has become more crowded than ever.
[Source: Florida Times-Union]
Mote Marine growing its caviar business
People know Mote Marine Laboratory, the world-renowned research center in Sarasota for much the last 56 years. What fewer know is Mote, the grower and purveyor of Siberian sturgeon caviar. What started more than a decade ago as a demonstration project for commercial viability has turned into a successful money-making venture. [Source: Sarasota Herald-Tribune]
You must have decision authority set for each employee
Ensuring staff knows the extent of their decision-making authority is so important for every business, otherwise, chaos can reign. So often, managers assume their staff knows how much authority they have, but this is just not the case.
More small biz advice from Dr. Osteryoung.
Out of the Box