We have all experienced going to a store that we have visited for years and seeing a sign that says out of business, closed or just an empty store. Why did a family-owned business that was a staple of the main street just disappear? According to Mike Miyakira only a very small percentage of family owner businesses survive into the fourth generation. Mike gave several reasons for this:

The Shidler Family Business Center at Manoa provides services to approximately 80 family owned businesses throughout the State of Hawaii. They offer individual business counseling along with an annual conference for all participants and materials. Services are focused on the successor generation—those who will take over the business in the future. Mike gave a great example of parents who gave their son the opportunity to manage the business and the son’s inability to do so because he did not realize that his parents were giving him the opportunity to exhibit his abilities.

 

As in life and business, nothing is free. There is an annual, all inclusive,  fee of $1,500 per business enrolled in the program.

 

Chester Cabral won the weekly raffle! Is this the beginning of another streak for Chester?

 

Meeting of August 28:  Richard Cunningham will provide the inspiration for the meeting along with the raffle donation. The speaker will announced at the meeting.