Owens business block, downtown Los Angeles, late 1890s
Weathering Change
Weathering Change
Oral histories of long-term business ownership provide a valuable resource for understanding how businesses weather change over time. Unlike the owners of large corporate endeavors, which might change leadership every few years, owners of small and family businesses witness change across decades. In addition, multi-generational businesses often pass down stories as a part of family lore. The narratives in this project thus provide tremendous insight into the specifics and strategies of longevity: how communities change, how people respond, and how businesses evolve.
In this project, business owners were specifically asked to discuss the effects on their business of the following types of change:
- Industry-related changes, which include issues of compliance and politics as industry standards change.
- Public policy changes such as government initiatives that impact how businesses are operated.
- Technological changes, including computerizing systems, adopting social media, and upgrading equipment.
- Neighborhood changes, particularly gentrification and shifting demographics, both of which can have an immense impact on community-based businesses’ ability to survive.
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Vivian Bowers, owner of Bowers & Sons Cleaners, on the importance of investing in real estate as a strategy for longevity
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Sharon Coleman, owner of Coleman Construction, Inc. and Coleman Equipment Rental, Inc., on the 2008 recession and "having all her eggs in one basket."
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Todd Davenport, owner of Angelus Funeral Home, on competition from multinational corporations
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Gregory Dulan, owner of Dulan's on Crenshaw, on developing multiple revenue streams.
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Jeanette Bolden-Pickens, owner of 27th Street Bakery, on rising costs and the decision to keep serving the best-quality pie possible.