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| | business - Family Ties |
 | | What's more, 50 percent of family businesses responding to the study plan to hire new staff in the next year, while 60 percent are "very optimistic" about their companies' futures. |
 | | "Family businesses are committed to keeping the company going," says Carol Wittmeyer, president of the Raymond Family Business Institute, a nonprofit foundation in Alfred, New York, dedicated to promoting and serving family businesses. |
 | | Says Spinelli, "When [family businesses] are not willing to change their operational focus or to look for opportunity, they risk shrinking the asset as they try to protect it." Other entrepreneurs, he says, should strive for the best of both worlds-maintaining a balance between operational focus and a keen awareness of the changing marketplace. |
| www.entrepreneur.com /magazine/entrepreneur/2003/july/62700.html (535 words) |
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