Issue link: https://nebusinessmedia.uberflip.com/i/1528707
V O L . X X X N O. X X V N OV E M B E R 4 , 2 0 2 4 4 A division of New England Business Media LLC C E O / GROUP PUBLISHER Peter Stanton P R E S I D E N T Tom Curtin DIGITAL DIRECTOR Jan Holder PUBLISHER Andrea Tetzlaff EDITOR Peter Van Allen MANAGING EDITOR / DIGITAL OPERATIONS William Hall SENIOR WRITERS Renee Cordes Laurie Schreiber STAFF WRITER / SOCIAL MEDIA STRATEGIST Alexis Wells CONTRIBUTING WRITERS Mark Jeanneret Carrie Yardley RESEARCH DIRECTOR Stephanie Meagher RESEARCH ASSISTANT Heide Martin ART DIRECTOR Matt Selva HOSPITALITY Buster HOSPITALITY EMERITUS Malcolm, Zoey SENIOR ACCOUNT MANAGERS Ken Hanson Kerry Rasor Betsy VanderPloeg EVENTS & MARKETING DIRECTOR Samantha Elliott OPERATIONS AND ADMINISTRATIVE MANAGER Allison Spies AUDIENCE DEVELOPMENT SPECIALIST Leah Allen C O N T E N T S Exit focus The good, the bad and the unnerving about selling a family business in Maine 12 17 The family- owned brand The 'family- owned' story can be an important marketing tool 22 3 family-owned businesses share how they make it work While Maine's family- owned businesses are facing challenges, one thing is keeping them going FA M I LY - OW N E D B U S I N E S S F O C U S I N D U S T R Y T H U M B N A I L O N PA G E 1 1 » (207) 347-2245 www.richardbrothersfinancial.com Your Legacy Your Future! As a Family Business Owner, your company is more than just a business—it's your legacy. Discover how our expertise helps family businesses thrive for generations to come. Wealth Management Value Acceleration Succession Planning Financial Planning Meet with us to secure your future! Preparing for Sale Tax Mitigation Life After Sale If good fences make good neighbors, think of all the good neighbors we've made since Norris Cianchette bought the company in 1969. In that time, we've installed thousands of miles of beautiful, quality fencing all over Maine. And as a family-owned business, we take pride not only in making—but also being—good neighbors. 2 nd & 3 rd Generation Owners, Rocky & Ryan Cianchette Residential | Commercial | Industrial MainLineFence.com | (207) 829-5549 Q U A L I T Y T H A T ' S B U I L T T O L A S T A Family-Owned Fence Company For Three Generations. We're currently booking installations for 2025. Call us if you are ready to make a good neighbor of your own. P H O T O / J I M N E U G E R John and Celine Goodine review photos on a screen at Elm City Photo in Waterville. P H O T O / T I M G R E E N WAY 22 12 Len Libby milk chocolate peanut butter truffles in the Scarborough store.