Families pull together to keep businesses operating

02/5/2009 | NYTimes.com

Family businesses may have an edge in the recession over other small businesses because of their experience, work ethic and potential for extending financial resources. For example, six 12th- and four 13th-generation members of the Knight family own, manage or work at the Smiling Hill Farm near Portland, Maine. "You don't want to be the generation that failed," says co-owner Warren Knight, who adds that the operation depends on accumulated knowledge and experience.

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