Family-owned companies can have competitive advantage

05/5/2006 | Franchising World Magazine

Creating and running a family-owned business can have many advantages if the owners stay focused, use a loyal team to move forward and learn from mistakes, says Edible Arrangements COO Kamran Farid. Farid, who co-founded the company with his brothers, offers tips learned from this family-owned business that can be implemented into any business model.

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