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Sustaining Family-Owned Businesses in Downtown

Whether a business begins when a husband-and-wife team goes into business together, or with a parent-child partnership, family-owned businesses often have close ties to the community and can be powerful advocates on behalf of the community. However, 70 percent of all privately owned businesses will change hands in the coming decade as Baby Boomers retire, and only one-third of family businesses successfully make this transition. Businesses can significantly improve their odds by undertaking three critical initiatives. Read More

2017-12-21T02:12:47-06:00June 19, 2017|Places, Small Business|

Downtown: hotbed of entrepreneurship

Downtown provides a cost-effective and scalable location for businesses to start and grow. Not only were downtowns the first live/work communities (a cost- and time-saving advantage that many entrepreneurs still take advantage of), but historic buildings also offer passive income potential in the form of rental of upper floor spaces, as well as future expansion opportunities. Read More

2017-12-21T02:13:41-06:00June 6, 2017|Preservation, Small Business|

Profiles of Wisconsin’s women entrepreneurs

Women entrepreneurs make up a large, growing and vital part of the downtown business landscape. Women business owners and managers – who make up 40 percent of all downtown businesses owned in Wisconsin - find the downtown environment to be a supportive place to start and grow a business, offering convenient marketing, built-in foot traffic, and a community of other entrepreneurs to collaborate with. This network of like-minded business owners bodes well for future business growth. Read More

2017-12-21T02:14:22-06:00May 30, 2017|Places, Small Business|