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As we face economic challenges thrust upon us by the COVID-19 pandemic, businesses could learn a lot from multigenerational family businesses that are prepared to withstand this current economic disruption.

In my 70-year-old family business, we endured the oil crisis of the 1970s, monetary challenges of 18% interest rates, the 9/11 terrorist attack and the 2008 financial crisis. Coming through these times and continuing to thrive keeps shareholders confident that both our economy and our companies can withstand economic challenges.