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  • Briefing
    Briefing

    WRA orders Midtown Mall owner to submit redevelopment plan

    Zachary Comeau

    The Worcester Redevelopment Authority is giving the Midtown Mall owner 30 days to submit a detailed written plan on his plans to rehabilitate the Front Street buildings.

  • Opinion
    Opinion

    The business community needs to teach financial literacy

    Martin F. Connors, Jr.

    Massachusetts has earned a failing grade in teaching financial literacy to our high school students for three studies in a row, going all the way back to 2013.

  • Advice
    Advice

    101: Slowing down

    Susan Shalhoub

    By continuously spinning on a corporate hamster wheel – and with your subordinates following suit – it means not as much work is getting done as it may seem.

  • Advice
    Advice

    10 Things I Know About ... Outsourcing

    Anupam Koul

    Always be prepared. Buyers should exercise care in determining what they do, who they approach and how they conduct themselves.

  • Shop Talk
    Shop Talk

    Bowditch courting new attorneys

    Worcester law firm Bowditch & Dewey has rebranded as Bowditch as part of a larger effort to transition to younger attorneys.

  • Editorial
    Editorial

    Redevelop the Midtown Mall, not the tenants

    Worcester is a still a low-cost market, and while commercial values are increasing, full-on gentrification is still a ways off. But as the momentum continues, the city needs to give those businesses who have hung in there for the long term a chance to thrive.

  • Advice
    Advice

    Succession planning for Hispanic businesses

    Claudia Minaya

    One often-overlooked step in ensuring the future of a business is to create a business succession plan – which is especially significant for family-owned firms.

WBJ Web Partners

Today's Poll

Would you want your children following in your professional footsteps?
Choices
Poll Description

Massachusetts has the second smallest percentage of family-owned businesses in the country, according to an OnDeck analysis of the U.S. Census Bureau’s 2023 Annual Business Survey. The analysis showed 21.87% of Massachusetts businesses are family-owned.

The power of family-owned operations is found in the numbers. Research performed by Family Enterprise USA reports 74% of family-owned businesses have been operating for more than 30 years.  

Even when families don’t work together running a business, many professionals hope to see their children following in their career footsteps, creating a lineage of those in the same profession and fostering the camaraderie that comes with.