Avionics News September 2014 - 28

industry

Keeping a business in the

FAMILY
TGH Aviation trusts its third generation and is working its fourth
S T O R Y

B Y

S C O T T

M .

S P A N G L E R

G
The Gyro House moved to the Auburn, California, municipal
airport in 1973. The company's founder, Emery "Claude"
Oxley, is third from the left.

28

avionics news

*

september

2014

rowing and sustaining a business has always been a challenge, and this is doubly
true for a family business, especially if
the founder would like to keep it in the family. Whether it
continues depends on the interest of the next generation. In
a 2012 article on the traps that can end a family business,
the Harvard Business Review said that 70 percent of family
businesses fail or are sold before the second generation takes
over. "Just 10 percent remain active, privately held companies for the third generation to lead."
This seems of particular interest to the radio and instrument repair stations that are the foundation of today's avionics industry. Many of them were founded after World War II
by technicians who grew up in that era. If these businesses are
still in the family, the second generation has succeeded the
founder. For many of these baby boomers, it's now their turn
to address the impending transition to the next generation.
There is no one right way to keep a business successfully
viable and in the family. TGH Aviation of Auburn, California, has prepared for the transition to what is, essentially, its
fourth generation and beyond by putting the company's as-



Table of Contents for the Digital Edition of Avionics News September 2014

Point of Communication
AEA Now
The View from Washington
International News and Regulatory Updates
Software Management
Member Profile
Keeping a business in the family
Are digital avionics secure?
A Conversation With...
Meet the AEA board of directors
Before & After
The Autonomous Navigation Systems AET Endorsement
Aviation Aces
Legal Ease
Business Basics
Member Profile
AEA members unveil new ADS-B solutions at AirVenture
What's New
Marketplace Classifieds
Avionics News September 2014 - Intro
Avionics News September 2014 - Cover1
Avionics News September 2014 - Cover2
Avionics News September 2014 - 1
Avionics News September 2014 - 2
Avionics News September 2014 - 3
Avionics News September 2014 - Point of Communication
Avionics News September 2014 - 5
Avionics News September 2014 - AEA Now
Avionics News September 2014 - 7
Avionics News September 2014 - 8
Avionics News September 2014 - 9
Avionics News September 2014 - 10
Avionics News September 2014 - 11
Avionics News September 2014 - 12
Avionics News September 2014 - 13
Avionics News September 2014 - The View from Washington
Avionics News September 2014 - 15
Avionics News September 2014 - International News and Regulatory Updates
Avionics News September 2014 - 17
Avionics News September 2014 - 18
Avionics News September 2014 - 19
Avionics News September 2014 - Software Management
Avionics News September 2014 - 21
Avionics News September 2014 - 22
Avionics News September 2014 - 23
Avionics News September 2014 - Member Profile
Avionics News September 2014 - 25
Avionics News September 2014 - 26
Avionics News September 2014 - 27
Avionics News September 2014 - Keeping a business in the family
Avionics News September 2014 - 29
Avionics News September 2014 - 30
Avionics News September 2014 - 31
Avionics News September 2014 - 32
Avionics News September 2014 - 33
Avionics News September 2014 - Are digital avionics secure?
Avionics News September 2014 - 35
Avionics News September 2014 - 36
Avionics News September 2014 - 37
Avionics News September 2014 - A Conversation With...
Avionics News September 2014 - 39
Avionics News September 2014 - Meet the AEA board of directors
Avionics News September 2014 - 41
Avionics News September 2014 - Before & After
Avionics News September 2014 - 43
Avionics News September 2014 - The Autonomous Navigation Systems AET Endorsement
Avionics News September 2014 - 45
Avionics News September 2014 - 46
Avionics News September 2014 - 47
Avionics News September 2014 - Aviation Aces
Avionics News September 2014 - 49
Avionics News September 2014 - 50
Avionics News September 2014 - 51
Avionics News September 2014 - Legal Ease
Avionics News September 2014 - 53
Avionics News September 2014 - 54
Avionics News September 2014 - 55
Avionics News September 2014 - 56
Avionics News September 2014 - 57
Avionics News September 2014 - Business Basics
Avionics News September 2014 - 59
Avionics News September 2014 - 60
Avionics News September 2014 - 61
Avionics News September 2014 - 62
Avionics News September 2014 - 63
Avionics News September 2014 - Member Profile
Avionics News September 2014 - 65
Avionics News September 2014 - AEA members unveil new ADS-B solutions at AirVenture
Avionics News September 2014 - 67
Avionics News September 2014 - 68
Avionics News September 2014 - 69
Avionics News September 2014 - 70
Avionics News September 2014 - 71
Avionics News September 2014 - What's New
Avionics News September 2014 - 73
Avionics News September 2014 - 74
Avionics News September 2014 - 75
Avionics News September 2014 - 76
Avionics News September 2014 - 77
Avionics News September 2014 - Marketplace Classifieds
Avionics News September 2014 - 79
Avionics News September 2014 - 80
Avionics News September 2014 - Cover3
Avionics News September 2014 - Cover4
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