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Last Update: Tuesday June 18, 2019

Most businesses start as a family business.

A Cab Business Goes to Wall Street

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New York City:  Medallion Financial was started by an immigrant taxi driver. Today it is a major NYC finance company. And in the USA, this story could be anyone's family story.  Family businesses can grow quickly. Here they went from cabs to financing medallions. Then they became a Small Business Investment Company. Now after an IPO and subsequent rounds, they buy finance companies; so in just three generations, this family will have grown a billion dollar business.
 
Learn about debt and equity capital. What are you doing with your business? Could it be sustained beyond your lifetime? If so, consider an IPO or a DPO. Get some liquidity. Get into the M&A market. Grow your own team to take over.  

Andy Murstein is a regular guy and there are great lessons for each of us within Medallion Financial. Even those of us who are not on the way to becoming a billion dollar business, this episode of the show is on the money.

This is a truly remarkable statement from Andy, "Medallion Financial is the largest SBA lender in the US to women and minority-owned companies. It has been lending money to disadvantaged business owners for over 50 years. In the taxi industry it has lent over 1 billion dollars and with zero loses."

Small Business Investment Company. Consider that extraordinary quote from Andy ... Medallion Financial became a very large Small Business Investment Company (SBIC) very quickly because they were already doing it! They were doing exactly what grandfather asked them to do: Stick to your niche and you'll get rich.

Go to all the Key Ideas and videos...


National Association in the USA

In the USA one can find an SBIC near you.  The re is much more at National Association of Small Business Investment Companies.

Here, the key questions of life are addressed:

Who am I? Where did I come from? Where am I going? What is the meaning and value of my life? Every family should consider starting running, and growing a business of their dreams. It is the surest path to economic independence. Once a family is free of debt, these most basic questions can be addressed in deeper ways.

Meet five families. All have "sold" their business to the next generation. Intangible values are passed on, and the very first principle of business is established. Continuity. Continuity creates order. It builds relations. It provides a working platform to create value. More...

Let's help each other on this path to economic independence with integrity.


Log in to meet some of the most fascinating people in the world:

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Start a Business
Homepage. Meet the Garcia-Lancarte family. Hope built on her father's work. Her son built on her's and his grandpa's. And now, Hope's grandchildren are picking up the reigns. There are ten Key Ideas from this episode:
» Become an icon
» Be the person your children want to work for
» Make work your recreation

Key Question: How do I start a business?"

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Grow a Business
Homepage. Meet the Navarro family of Miami. This first generation started in Cuba, then they started all over again from nothing in Miami. Today, they are the most productive discount pharmacy in the USA with over 12 locations. There are 13 Key Ideas within this episode:
» Do what you know
» Develop core beliefs
» Increase profit margins with private labels

Key Question: What is a path for growth?


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Buy a Business
Homepage. Meet the Calise family of Providence, Rhode Island. The third-generation rescued the family business, and the fourth generation is running it today. There are ten Key Ideas within this episode:
» Buy the family business to right a wrong
» Buy your competition
» Prepare for the worst

Key Question: Can my business be my legacy?

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Sell a Business
Some businesses should be sold; these businesses really should become part of a public trust. We believe Small Business School is such a business. We all should be working with each other to lift up the best within our culture. The vision is larger than any family:
» May the history become the future
» Every country, every state, every 4M people
» Teach Ownership

Key Question: Who is the best buyer?

Most businesses are family businesses...

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