Overcoming Challenges in Family Business

YOUNGSTOWN, Ohio— Family businesses face several challenges like succession planning, pricing product correctly and hiring employees.

Tim Petrey, managing partner with HD Davis CPAs, says an important part of overcoming those challenges is having access to business professionals who can help to make your company successful while you focus on what you do best.

“I think that tends to be the difference between a successful business and a business that in the end doesn’t achieve what it could possibly achieve,” says Petrey. “Having those professional that are really good at those support services allows you to focus on what you’re best at.”

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