Now a third generation business, Interiors by JC Landa, LLC continues the tradition of excellence as her son's work can be found in the most important house in the world, the Presidential White House in Washington, DC.
11 P.M. (CUNY) THE STOLER REPORT "Third & Fourth Generation Businesses: Growing & Thriving" explores the danger — or, in some cases, the lack of it — in working with relatives.
Yet many first-generation business people know that the odds are against giving their children a chance to carry on the family trade.
In its report on high-net-worth business owners, U.S. Trust said 95 percent of the baby boomers surveyed were first-generation business owners, but just three-quarters of younger business owners were the first in their families.
Mr. Clapper's sentiment is consistent with those of many second-generation business owners, according to Thomas William Deans, a third-generation business owner and author of "Every Family's Business: 12 Common Sense Questions to Protect Your Wealth".
For another sweet (or savory) choice, wander into the Poseidon Bakery, 629 Ninth Avenue, (212) 757-6173, a fourth-generation business.
The Lido Kosher Deli is a second-generation business, with a family-owned kosher meat factory in the Bronx that has been supplying the restaurant for nearly 30 years.
ADI GODREJ India $1 billion Age: 57 The eldest of a third-generation business family whose Godrej diversified consumer products company is a household name in India.
First generation Chinese business leaders are starting to focus more on business legacy than family legacy.
So it is refreshing to find a new business biography that returns to some long-neglected historical terrain: America's first generation of business titans.
There's the old saw about family businesses: "The first generation builds the business, the second consolidates it and the third destroys it".
