There’s something to be said about standing the test of time.

We all know a mom-and-pop shop. Maybe it’s the corner florist, or the bakery that’s been in business since you were a kid. Maybe you know the owners and their kids, or just appreciate the fact that while fancy new boutiques come and go, these places remain steadfast. Especially in Portland, with its hot startup scene and plethora of entrepreneurs pushing for innovation and novelty.

Many of these business are small outfits. But together, they’re mighty. Mom-and-pop businesses are estimated to be fueled by more than 27 million people, together creating more than 70 percent of all new jobs in the U.S. Not to mention, these family-run outfits often outdo big brands by offering great customer service, community connection and high-quality products.

At the same time, business is business – and even the “mom-and-pop” buzzword doesn’t guarantee folks will stay profitable. So what do long-lasting multi-generational shops do right that keeps them in the black?

Tune in to PRP this Friday between 1-2 p.m. for our encore Biz503 edition on Mom-and-Pop Businesses. You’ll hear from community business owners about what they’ve done to thrive over the years. Learn how to stay in touch with your clients, and how to get the next generation to take the reins. Mark Grimes of NedSpace and Portland Radio Project‘s Rebecca Webb co-host.

On our panel:

Steve Stanich, Owner (2nd generation), classic burger joint on N.E Fremont: Stanich’s

John Helmer III, Owner (3rd generation), stalwart and stylish John Helmer Haberdasher

Suzanne Stevens, Editor, Portland Business Journal, keen observer of the Portland business scene

Sarah Shaoul, Owner, Black Wagon Boutique, consultant to Portland’s Small Business Advisory Council

Listen to the encore presentation here:

Or listen to the original show here: