Basnight Family Secrets

We hit the jackpot again!

More best practices and secrets to success – this time from a business that has lasted through the Great Depression, fifteen recessions and fifteen United States Presidents.

In 1924, Stein Basnight, a graduate of UNC, opened S.H. Basnight Hardware. He traveled around the state, pulling a trailer full of products to sell.

His sons, Bill and Jesse, joined their father in the business.

Papa Stein died before he got to see this but four of his grandchildren got involved in the business: Bill’s children, Terry and Don; as well as Jesse’s children, Jesse Jr. and Steve.

Two of those grandchildren now own the business. Read more

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The Best Father’s Day Gift

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Quote of the Week for Fathers Day

Here’s a quote that can help with morale, productivity and overall performance.

In November of 1995, there was a lot going on for me – personally and professionally. I can’t remember exactly what I said to Dad on the phone one night but a few days later, an envelope came in the mail. In it was a page from Better Homes and Gardens magazine, folded three times to show an article Read more

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Help! I’m stranded!

At age 16, it’s not unusual for a young adult in North Carolina to apply for and get a new job – as a driver.

It’s a very big job – opening up loads of opportunities. Plus challenges, responsibilities and potential problems.

My dad wanted to be sure his daughters understood these responsibilities. Most of all he worried about one of us getting stranded on the road (cell phones hadn’t been invented).

So in addition to the driving tests required by the state – we had to pass his test Read more

Fitch Family Secrets

What better place to learn about best practices and secrets to success than a  business  that  has lasted through  two panics,  two depressions,  sixteen recessions and  nineteen United States Presidents.

That’s what led me to visit Mac Fitch, the owner & President of Fitch Lumber Company,  and ask the question,   “What  has enabled you to be in business for 104 years?”

His answer was lightning quick, “ Blind luck.”

Since we had that covered, I went on the next question.  With Father’s Day  a few weeks away,  I hoped he would share some  lessons learned from his father and grandfather – lessons that might help the rest of us encounter some of that “blind luck” in business. Read more

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