The media LOVES IPO stories.
We regularly hear about start ups
going public
and making their founders rich.
We don’t often hear about the companies
that decide to remain
family owned.
That is unexciting,
boring,
and…
Often the right decision
for the company.
Bissell Homecare Inc,
founded in 1876
and still going strong,
is a family owned company.
As Mark Bissell,
the great-grandson of the founders
and the company’s current CEO,
stated in March/April’s The Costco Connection
“It’s part of who we are.
Being family owned allows us
to take a long-term perspective.
We can make decisions
knowing it’s the right thing
to do for the next generation.”
Deciding to go public
should be a conscious decision.
Staying family owned IS an option.