"What he´s forgotten about business is probably more that we´ll ever learn!" jokes Neal, who took some time to talk to Family Business Strategies about the company.
Like any family business, Huges Enterprises faces a number of challenges, such as compressed profit margins and weathering a difficult economy in a time of rising costs. Does he see an end to these turbulent times?
"I do see the industry picking up. Had you called me three months ago, I would have said no, but in the last couple of months I´ve seen it finally start to pick up again, which is encouraging."
Being a family business certainly adds another dimension to the current economic trends, Neal says, "in the sense that we don´t have a bottomless wallet!" But he is quick to acknowledge that these same challenges are faced by all businesses, public and private.
"That´s why the squeeze is on. So many of the Fortune 500 companies that we deal with that do have unlimited resources are facing the same issues we´re facing.