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Family Businesses: The Secrets of Successful Succession Part 1

Monday, February 28th, 2011
Mandy Farmer, President of Accent Inns

Mandy Farmer, President of the family business

I personally love family businesses, and not just because I am in one!  I love how it can give people the opportunity to fast track themselves to their full potential.  I love how family businesses seem to have more values, ethics and personality rather  than the faceless “Big Boys”.  I love how family relationships can turn exponential when a father becomes a friend, a colleague, a business partner.

Of course, family businesses can go the other way. I can’t think of anything worse when family relationships turn sour because of the business. I’m a firm believer that the family has to come first.  As for myself; we are a 3rd generation family business and I confess, we’ve gotten darn good at succession issues.  I continually get asked how we did it, so here are my Secrets to Successful Succession, keeping not only the business in tact but more importantly our relationship. (more…)

 

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CAFE Names Accent Inns Vancouver Island’s 2011 Family Enterprise of the Year

Tuesday, November 30th, 2010
Terry Farmer and Mandy Farmer, owners of the Accent Inn BC hotel Chain

Terry and Mandy, a true father and daughter team

We are proud to announce that Accent Inns was named Vancouver Islands 2011 Family Enterprise of the year by the local chapter of CAFÉ, Nov 3rd, 2010. The Canadian Association of Family Enterprise (CAFE) is a not-for-profit national organization established in 1983, dedicated to promoting the well-being and understanding of families in business. CAFE is a member-driven, national network passionately committed to the success of families in business and their pivotal contribution to the economy. The Vancouver Island Chapter was established in 1995 by a number of well-established local family businesses and currently has over 50 member companies. (more…)

 

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