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Show the 4 1 ENTERPRISE four of us get together and hash it out. field." Despite all the problems, there are advantages to runA ning a family business. cursory glance at their numbers should testify to that. Not surprisingly, there seems to be unanimity regarding the biggest advantage. Mcrkley said family togetherness is the chief source of satisfaction resulting from a family firm. Wc hear a lot today about the breakdown of the family. But what a family business provides is togetherness-t- o work together and be to- Slicing up the pie Wage differentials can present a problem to a family business. At Littlefield & Co., which operates three stores selling jewerly and gold coins, Paul Littlefield says all three sons are paid equally. American Tierra, however, adopted a different strategy. Despite potential rifts among the family members, American Tierra actively encourages wage differences among the sons. According to Charles Moore, their earnings depend somewhat on education, but primarily, ability and initiative are the most rewarded attributes around here. ' Any problems? Charles Moore says no. But at least one member, Randy Moore, had to forego large commissions on real estate sales in order to keep the differentials from getting too large. His commissions are now pooled for the entire family. Wage differentials are only a small part of the problems inherent in family jealousies and delicate feelings. At Bag-le- y A: Co.. communication is the preventative cure for such problems. Tom Bagley said If wc have a problem with business, it carries over into Like Mcrklcy, the family. Bagley rates high the family's ability to talk and listen. Mike Littlefield also stressed the importance of getting together to air difficulties. We work in pretty close quarters, and it sometimes gets on our nerves. After blowing up, a few minutes time heals the situation and everything's back to normal." At American Tierra, virtually is solved every problem through a constant process of discussion. To every real or potential problem, the family immediately meets to discuss the problem. But there arc other problems which have little to do Federal Energy Corporation. a Denver ased manufacturer and m lar energy equip-expainto the 1 ket, according spokesman Doug Barbee. At this time, we are looking for a distributor of our products in the state of Utah, Barbee told the Enterprise last week. The distributor Federal Energy is looking for will maintain a complete stock of all the products Federal Energy manufactures and markets. Wc offer a distributor a complete line of solar energy s. Whatever your car's symptoms, we at Auto Lab can diagnose with electronic precision and have your car feeling all better same day. YOU'LL LIKE OUR PRICES DROP YOUR CAR OFF related products as well as full service from our company," he added. IN THE MORNING WE'LL DRIVE YOU TO WORK nd e SAME-DA- Federal Energy manufactures water collectors and also sells air collection systems, air conditioning, and green house systems. The company has in distributors Colorado, southern Wyoming, Kansas, and Missouri, Barbee said. Y FLEET SERVICE, FLEET PRICES AVAILABLE SERVICE CALL FOR APPOINTMENT AUTO LAB, INC. PtONEERS IN ELECTRONIC DIAGNOSTIC 359-311- PROFESSIONAL DRY CLEANING SMASH FOREHANDS, SLICE BACKHANDS! TENNIS LESSONS ANYONE! "It makes the office look so much better!" The Finest Teaching in Utah Open to Members and Non-Membe- rs Your corporation may want to SPONSOR a time for employees! Private and Group Lessons Available CALL TODAY FOR INFORMATION 5445 SOUTH 900 EAST SALT LAKE CITY, UTAH 841 1 7 (801)261-342- 6 ANALYSIS 858 South State, Salt Lake City 2 PHONE DRAPERY CLEANING & OX wards the same thing. It is chiefly this advantage which accounts for the continued popularity of family businesses. The Littlefields, Bag-leyand Moores all think if a family can effectively talk and listen to one another, then the business becomes a profitable venture for all. in more ways than one. It's nice to have a business Utah market targeted for FEDCO expansion FOR DRAPERY PICK-U- P, REMOVAL, CLEANING AND REHANGING: 27&--1 31 1 FINE DRY CLEANING 1871 South 7th East 1 where everyone is close and where we can tackle common problems in an informal way. Tom Bagley reflected on the advantages of the family business by saying We have trust in each other and a common goal, were all working to- gether." Paul Littlefield said Lyman, Paul and Mike Littlefield with family relations. One is soon be off to pursue other the matter of advancement. opportunities with greater On the one side, Merklcy said personal development. it might be difficult for a famThe pipeline to more reily business to satisfy its staffsponsibility and greater personal growth could be shut off ing requirements because the litchannels of promotion are to family members as well. erally clogged with family Mcrkley thinks one of the big members. There is no doubt problems confronting a family a exthat as family business outfit is the tendency of top it will executives to hold power for not pands and prospers be able to find all the skills it a long time. Tom Bagley needs within the family. It expressed a similiar problem. from must recruit There may come a time when outside. But that presents a problem a member of a family business to any talented employee who doesnt feel he's doing what is seeking a job with personal he really wants to do. He may be trained to be an engineer, growth. If he cant advance he if and he may not get the chance he may not take the job, or docs take the position, hell to do enough work in that a 487-854- 8 |