COMMUNITY
BUS I NES S
EDUCATION
NEW PALTZ
REGIONAL
CHAMBER OF
COMMERCE
TOURISM
REGIONAL
REPORT
SUMMER 2010
A QUARTERLY BUSINESS NEWS MAGAZINE OF THE NEW PALTZ REGIONAL CHAMBER OF COMMERCE
Bill (left) and Jack Sheely (right) of Dedrick’s Pharmacy in New Paltz.
IT’S ALL RELATIVE Ensuring the Success of Your Family Business By Kelley Granger
I
t’s challenging enough to be an entrepreneur these days. For family-owned businesses, which make up more than 80 percent of the enterprises in this country, special sets of circumstances make things even more demanding. How do you tell your daughter, who has hopes of taking over the company, that she’s just not cut out for this work? How do you encourage innovation and growth when your mother, the boss, is still operating as if it’s 1970? How do you handle the disappointment of a child who doesn’t want to take over the flourishing firm you’ve spent years building? In the world of family business, finances and feelings are almost inextricably intertwined—but there are ways to deal with each challenge and still enjoy the benefit of building something great with the ones you love. Continued on p. 12
IN THIS ISSUE
10
Just a Taste
14
Healthcare Reform & Your Business
A preview of the 20th Annual Taste of New Paltz at the Ulster County Fairgrounds on September 12.
A talk with Dan Colacino of Rose and Kiernan Inc.
24
Member Profiles: Vineyard Commons, Hudson Valley Federal Credit Union, Ulster-Greene ARC, Health Alliance of the Hudson Valley
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