Wednesday, October 28, 2009

Growing a Family Business

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Growning a Family Business

The family business. It is a dying breed in our country. No longer is the son or daughter following in the footsteps of the father like they did in days past. But there are some success stories of family businesses that have not only succeeded, but are excelling and growing.

One such business in our area is Stan's Fit For Your Feet. Founded in 1950 by Stan and Em Sajdak, this locally owned shoe business has been a family owned for almost 60years with their 1st store on 27th street just south of Oklahoma.

Managing and growing any business is a challenge, but add the family component to it and a whole new range of challenges and opportunities arise.

Top that with the fact that all retailers have been hit hard in this economy - independents in particular are even harder pressed to differentiate themselves and grow market share.

In the studio with us today is Jim Sajdak the third generation owner of Stans… He, along with the 4th generation, his son David Sajdak, and his sister Sue Sakwinski are still making things happen.

Jim is going to share with us some of the many interesting and innovative things he is doing to keep his small family business a thriving business.

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