N.K. Hurst Co. Inc. sells roughly 20 million packages of dried beans and bean soup mixes a year, from the West McCarty Street packaging plant it has operated since 1938. It has only about 50 employees, but its products are ubiquitous in the grocery industry.
In a world that likes to see businesses grow by leaps and bounds, LDI Ltd. is a tortoise. The family-owned holding company typically hangs onto firms in its portfolio for 15 years or more. It might take more than two years to zero in on an acquisition target. And it’s putting its next CEO, J.A. Lacy, through a year-long apprenticeship.
Amy Graham left her job as marketing director of a plastic surgery practice early this year to pursue her dream of running a high-end pajama boutique.
Some would say Larry Howald accomplished every small-business owner’s dream: Selling his company to a big competitor for “good” money.
Low-income women could receive loans in weeks.
Pat Koch, whose official title at her family-owned Holiday World theme park is director of values, sets a high bar for hard work and dedication.
Westfield Steel owners Karyn and Fred Prine are well on the way to transitioning to the next generation—son Fritz—thanks to timely planning.
Claus Muth has a proud heritage of making specialty meats, but now he faces circumstances that stand to threaten his south-side business: family-owned Claus’ German Sausages and Meats.
The winner of the Small Business Administration award has seen steady growth during its 10 years in business.
Employing relatives or pals can be a godsend or a nightmare for small firms. And anecdotal evidence suggests it could be even
rougher on women business owners than it is on men.
Federal estate taxes are set to expire next year, but increase in 2011. Confusion is leaving family businesses like Greenwood-based Byrd Enterprises in limbo. Vice President Jonathan Byrd II is still sorting through the aftermath of his father’s August death.
Certified public accountant Dave Norris bought a 1976 Good Humor truck and started his family-owned U Want Ice Cream mobile
route in 2007, aiming to make a personal connection with people—along with
a little extra money.
Doubling annual sales might seem an impossible feat in a recession, but at the modest office of Williams Comfort Air and Metzler’s
Mr. Plumber, it is a reality.
Recently announced changes to the Indiana Pacers’ front office leave questions about the team’s long-term ownership unanswered.
While Larry Bird, Pacers director of basketball operations, is set to take over for CEO Donnie Walsh at season’s end, there
is no indication what succession strategy, if any, exists for replacing team owners Mel Simon, 81, and Herb Simon, 73.