Challenges Facing The Artisanal Family Business
Artisanal family businesses are found in many areas of our economy today. The common thread is that their craft is passed from generation to generation.
Some of these artisanal family businesses are struggling under the weight of newer business models. Wanting to see a way forward as well as sustain their legacy, intergenerational family members can experience conflicts when confronted with calls for innovation and entrepreneurial action. A stalemate is dangerous to all.
In this light the axiom, ‘respect the past while keeping an eye on the future’ comes to mind. Respect for the values, accomplishments and legacy that are the foundation of the family is a force that can propel future success, and equips the family with a vision of what the next generations might realize.
With our experience working with family businesses and expertise in business growth, we are prepared to help you preserve your family legacy and help you grow into the next generation. For conversation about your own or your clients’ family business contact me at [email protected] or call me at 646-594-5587.
Mentioning artisanal images of early Florence, Italy craftsman, sons and daughters learning their trade as apprentices come to mind. In the states we still have family businesses that have learned their craft developed over generations in farming, stone masonry, cabinet making, precious stone jewelry making, real estate development, to name a few.