Thursday, 20 Jun 2024

Empowering the idea of family-run businesses today

Many people do not believe in the idea of the family business in the current advanced world. The main issue is with the future of the business because not many would want to follow in the same footsteps. It is definitely a challenge when it comes to the future and succession. Due to the risk factor, most of the family business gets under the blanket without being able to continue. Ben Friedman Toronto is a well-known name in Canada. His father and grandfather had a long-term care facility in Los Angeles which ran for several decades. Many people were extremely comfortable and were given utmost care by all.

Ben was just a small boy then but spent a lot of time in the facility with his father which gave him many new experiences. But, when Ben’s father passed away, everything seemed to change within the firm. Ben was too small to handle the responsibility which made his grandfather sell the center as he was not able to manage without a partner. But ben knew he was going to take action someday in the future. After many years, he eventually started Rykka Care Centre, similar to the one they had decades back. He always found his family legacy to be inspiring which made him follow the footsteps of his father.

Challenges faced during a pandemic:

The whole Covid-19 situation brought so many uncertainties for several firms. Even for Rykka Care Centre, there were situations where many rumors and speculations were surrounding the area. As the coronavirus spread rapidly, many elderly people in the facility also were affected by it, and eventually, the news went out in the wrong way. But with the right amount of inquiry and investigation, everything was settled with mutual respect.

Never giving up on family legacy:

The center never compromises on the quality of care given to its people. With prior experience with the same family-run business years back, Ben Friedman Toronto knows exactly how to handle tough situations. He has always been focused on bringing back his family legacy which has always been the talk of the town.

After the brief encounter with false news, the government officials gave various investment opportunities to the center which they used in the best way to bring changes to the overall elderly care in Canada. Ben also has other professional adventures in his cap which he uses to his full potential. He is not only a managing partner but also oversees many other properties along with the care center that he runs.