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The Catalog Connoisseur: Lillian Vernon Is Born
Lillian Vernon became a household name at a time when women were not even supposed to work outside the home. From the humble beginnings of an immigrant family, Vernon started a business in the kitchen of her small home and grew it to be one of the most well-known multi-million dollar companies in the U.S as well as the first female-owned company to be listed on the American Stock Exchange. Today, the Lillian Vernon Corporation earns almost $300 million in revenues, has over 4,500 employees and continues to be one of the country’s leading catalog retailers.

How to Stay Innovative?
Sara Blakely, a local Atlantan, started the company Spanx out of her apartment. After several failed attempts to find the right undergarment to hide imperfections and panty lines when wearing white pants with open-toed shoes, she decided to cut the feet off her pantyhose. This worked beautifully! So, she wondered, why doesn't this already exist?

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Multi-brand strategies - pitfalls and pluses
As franchising grows in Australia so does the number of franchisors that operate more than the one brand. Rod Young from DC Strategy discusses the multiple-brand strategy. They may be disparate brands, not related to each other except they occupy retail shopping centre space. For example, the Pets Paradise, Warner Bros. Studios (all company owned) and Billy Baxter’s Coffee Shops are all controlled by the one group. Alternatively, and more commonly, multiple brands in related industries such as the Donut King and BB’s Café brands owned by Retail Food Group, the Muffin Break and Jamaica Blue brands owed by Foodco Group, and the Drytron and Bizzi Beez brands owned by Fibrecare Group, are long established multi-branded networks.

Overcoming Obstacles in a Family Owned Business (Pros and Cons)
Problems and rewards for running a family owned business. A family owned business can be a huge success and can be a wonderful experience for all involved. It is important to consider the obstacles that could arise and determine how you will overcome these obstacles before they occur.

Recession-Proof Lessons of Succession
This article is based on the author’s experience in partnering with a Level 5 CEO who was orchestrating his own succession. This leadership transition represented the first at this level since the 153-year-old company became an employee owned business in a buyout from the last family owner. The company became employee-owned after 140 years of family ownership, growing more than 10 times in 10 years following the transfer of ownership. They have sustained more than 10 years of consecutive profitability as a privately held organization. Today, they generate revenue of more than $1.5 billion with over 2,500 employees of whom more than 300 are stockholders.

Mystic Cures Ltd’s Foray into Spa Franchise
Hospitality and wellness chain Mystic Cures Ltd is going to foray into Franchise business model for its Spa & Salon properties all over India. Mystic has couple of company owned outlets & franchisee being operated currently in the Northern region of India. Mystic is looking for 24 franchised outlets in the northern region of India in next 12 months. Company owned outlets would be increased around 4.
Prior Business Experience Can Be Helpful When Starting a Small Business
We recently worked with a client who wanted to open a new restaurant. After several discussions, we learned that not only had she owned one restaurant but she had owned several restaurants in the past and had sold her last one in the late 90's. Would she still be considered a start up business? Maybe, because it had been quite some time since she last owned a restaurant but her prior Business Experience would help her significantly when applying for Small Business Financing, especially in today's tough economy.
Family Businesses Face Unique Challenges: What Makes Them Different?
In matters of cash flow and marketing, a family-owned or closely-held business is the same as any other small business. But family-owned and closely held businesses also they have significant differences, especially when it comes time to talk about retirement, resale, or transitioning the business to the next generation. Here were some key points noted by the Family Business Institute on what makes family-owned businesses different:
MomPreneurs: Resources Available for Women-Owned Businesses
The National Women's Business Council, which advises the Small Business Administration, estimates that in 2008 there were 7.2 million majority-owned, privately-held, women-owned businesses in the United States, employing 7.3 million people and generating $1.1 trillion in sales. Here are some organizations and resources that help women-owned businesses succeed.
Le Sutra Hospitality mulls franchise expansion
The Bajaj Group of Hotels, branded under Le Sutra Hospitality, is planning to open hotels and restaurants across the nation in the next three to five years. The company is going to invest Rs 300-500 crore for these hotels and restaurants, which will be a mix of both company owned and franchised, confirms a company official.
Work At Home Moms: Turning Hobbies Into Cash
There are over 10 million women owned home-based businesses in the United States. Many of them are small niche sites owned by work at home moms. Women are utilizing the internet to turn their small hobbies into big cash.

5 Fundamentals of a Well-Drafted Employment Handbook
Providing a well written employment handbook is critical for all present-day employers. Whether the company is a multi-billion dollar Fortune 500 firm or a small family owned repair shop, having employment policies documented is something a company cannot survive without.

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