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Continue reading Michael Ansley’s first taste of the restaurant business wasn’t a pleasant one.At his first Buffalo Wild Wings restaurant in Ypsilanti, Workers at General Motors Corp.’s Willow Run factory provided business but formed a rowdy crowd, as did people from the bus station across the street. Ansley once walked in on a crack deal in his bathroom. Specialists say it’s more likely that a family business will not have a plan than have one.These are decisions that seemed perfectly reasonable at the time, and perhaps more than reasonable. Lesson for lawyer: Don’t give up too much control Acquisition to save money became costly rabbit hole I was the lead editor and sole writer for this project, a ranking of intellectual property-heavy companies in Southeast Michigan, with a full complement of editorial coverage.They were the mature, responsible thing to do, appropriate for the company’s growth. I coordinated the project with our vendor, a patent research firm in Chicago.This year’s winners launched successful companies, grew established firms, took on high-pressure projects and gave a hand to those in the community.” — Full coverage at Anyone who craves predictability probably shouldn’t become an entrepreneur.Besides the inherent risk of failure that any business carries, running a company offers many opportunities to be blindsided by even the seemingly most astute decisions.“The last time I checked, in total, it was around 150. Continue reading With the recession well in the rearview, many companies are bracing for problems that occur when the economy is healthy, such as the big decision to increase pay.Duke University‘s Fuqua School of Business and recently published results of an outlook survey of 547 U. companies, and it showed that 70 percent as of March expected to increase wages at least 3 percent in the next 12 months. Silence on job postings told Southfield phone service company it was time for raises For Warren streetlight maker, it paid to plan for raises Real estate business compensates to fend off auto firms 8 things to think about before giving employees a raise Robert Bowen CFO Awards 2015 Winner, nonprofit In the long history of the Detroit Institute of Arts, it would be hard to find a period any shakier than the one it just went through.
We end the month with 0 in sales, and rent is a lot more than that,” Smith said. Read more at In 2011, Scott Owens went with his wife, Suzi, to a bank seeking a loan to start a business making hot sauce. “The bank said, ‘We can’t even give you a ,000 loan.’ ” Owens had been laid off from the auto industry in 2008, and the family’s Dearborn home was underwater after a third of his neighbors walked away from their mortgages.
On other occasions, he got jumped and chased with a pipe wrench. 1 mistake family-owned businesses make in succession planning is a basic one. The Family Owned Business Institute at Grand Valley State University in Grand Rapids surveyed family businesses in its database last year and found that 80 percent of them said they plan to pass the business to the next generation.
“We had federal agents dressed in Buffalo Wild Wings uniforms for a while, it got so bad,” Ansley said. But only 19 percent had a formal, written plan to do so. Read more at Kevin Schnieders says he’s had only four arguments with his dad in his whole life, and they all came while working for him.
Tech, services and consulting, manufacturing and health care led the way. The museum found itself at the center of Detroit’s municipal bankruptcy, its storied art collection used as a poker chip during the negotiations of 20.
Just a year before that began, the DIA pulled itself out of budgetary quicksand by pushing through a 10-year tri-county millage that gives it about million annually.