Keep­ing It In the Fam­ily

Man­age­ment ▶ Suc­ces­sion plan­ning is trick­ier with rel­a­tives in the mix ▶ “There’s up­wards of 5 mil­lion boomer own­ers”

Bloomberg Businessweek (North America) - - Focus / Small Business -

For more than a half-cen­tury, Mr. Bart­ley’s Burger Cot­tage has been a Har­vard Square in­sti­tu­tion. Six days a week, col­lege stu­dents line up around the block for cre­ations that in­clude the Peo­ple’s Repub­lic of Cam­bridge, a ham­burger topped with coleslaw and Rus­sian dress­ing, and the Chris Christie, which is for­ti­fied with mari­nara sauce and moz­zarella. Gen­eral Man­ager Bill Bart­ley was born in 1960, the same year his fa­ther, Joe, started the Cam­bridge, Mass., restau­rant. Although all four of his sib­lings have worked there at some point in their lives, Bill is the only one still there. “I

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