While many family-run businesses end up being swallowed by the competition or fade into obscurity, one London, Ont., family say the secret to success is communication and a lot of planning. Lisa Ferguson and her two sisters bought Fisher & Company, a women’s clothing boutique that first opened in 1983, from her mother and renamed it to Hangar9. “We had so many crossover customers between our shops so the more we started talking about it, the more it just made sense,” Ferguson said. Despite Ferguson and her sisters having experience owning their own stores beforehand, and having talked about it for over a year, it was still a long process that took a lot of work. The transition happened in
Hence then, the article about communication and planning are key to making family businesses multigenerational cbc news was published today ( ) and is available oncanadian news today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Communication and planning are key to making family businesses multigenerational | CBC News )