Area family-owned businesses plan for succession
Three family-owned businesses in the Philadelphia region — Asher’s Chocolates of Souderton, Perryman Building and Construction Services of Philadelphia, and the Brownstein Group of Philadelphia — aredealing with issues of succession, planning for the younger generation to take over the reins of management.
Some of the plans do not involve family members at all, writes Kennedy Rose at bizjournals.com.
Jeffrey Asher’s daughter is intent on becoming the first woman to run Asher’s Chocolate Co. in its 126-year history.
But Sophie Asher has quite some time before she can do that — she’ll start her freshman year at Pace University in the fall. And to work at Asher’s Chocolate, she’ll need to work outside of the business for several years. If one doesn’t get those years of experience, “your thinking can certainly become stale,” Jeffrey said.
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