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Board Dysfunction: Who is Ultimately Responsible?

Published April 26, 2021 Meghan Juday |

We have all seen the data and research on how board diversity improves the bottom line. The message is clear: Take diversity seriously, make the necessary changes, and your company will thrive. Additi...

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Building trust means breaking down barriers

Published April 20, 2021 Amy C. Cosper |

Chad Goodfellow is the CEO of Goodfellow Bros., a 100-year-old, family-owned construction company. The company is based in Wenatchee, Wash., but he is located in Kihei, Hawaii. We had a chance to chat...

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Hard truths: Moving on from a disaster (and a pandemic)

Published April 12, 2021 Amy C. Cosper |

Some things you just can’t control – a pandemic is one of those things. What you can control is how you react and behave to things you cannot control. One year later and it still doesn’t seem re...

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Wine, passion and Lamborghinis yield a pretty good story

Published April 12, 2021 Amy C. Cosper | Feature Article

For generations, the wineries of California have been cloaked in the mysteries of families and histories, legacies and legends, dramas and romances. If only the vines could talk. What tales they could...

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The innovators series: Think big

Published April 12, 2021 Amy C. Cosper | Departments

Family Business takes a look at what innovation looks like in a family business environment. We sat down with Edouard Thijssen to ask about his experience as an innovator. INNOVATOR: EDOUARD THIJ...

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Entrepreneurship or family business or.... both?

Published April 12, 2021 Daniel Garrett Van Der Vliet | Feature Article

 In the United States, a recent count found nearly 4,000 courses and pro­grams in entrepreneurship at schools and universities. By contrast, there are slightly more than 100 programs in family b...

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6 easy best practices for your next virtual family meeting

Published April 9, 2021 Kirby Rosplock, PhD | Feature Article

As we continue to live with COVID and the social distancing and precautions that are required, many family office professionals and advisors are wondering if we will ever return fully to in-person fam...

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Succession planning in 60-seconds: Mistakes are part of the process

Published April 8, 2021 The CFAR expert team |

Why do people get anxious, worried, bothered when talking about successionplanning?Think about it. Everything is at stake. When that happens, anxiety is a healthy response. It’s also a great motivat...

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How the pandemic revealed some hidden family business gems

Published April 8, 2021 Caru U. Rock |

This March marks the one-year anniversary of Family Business Magazine’s shift to remote work following the outbreak of Covid. Our team pivoted well, moving to a virtual environment as ...

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Celebration Corner: Perdue at 100

Published April 8, 2021 Scott Chase |

With 21,000 associates across 18 states, Perdue Foods operations include a dozen harvest facilities and eight cooking operations: seven for food, one for pet food and another further-processing f...

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Vision Boards

Published April 8, 2021 RICHARD N. SEAMAN |

It always starts with an idea — a spark, an aha moment or a solution. Most businesses begin with an entrepre­neurial effort and a founder whose focus is on building and growing a company. This foun...

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Purposeful Growth at Michelman

Published April 7, 2021 Beth Braverman |

Some families discuss current events or pop culture over dinner. The Michelman family talked chemistry. That was understandable, since Michelman, their Cincinnati-based family business, used chemistry...

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March/April 2021 Family Matters

Published March 31, 2021 |

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At the Helm: Kent Johnson

Published March 31, 2021 Patricia Olsen |

Generation of family ownership: Fourth.About the company: Highlights for Children reaches over 3 million families a year in the U.S., and Highlights products are available in 20 countries.Nu...

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A Letter to a Brother

Published March 31, 2021 Alison Hutchinson |

Imagine this scenario: You are a successful business owner with two young children. Your business is increasingly profitable; the value is growing rapidly. You decide to set assets aside in trust both...

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The 10-Year Transition

Published March 31, 2021 Margaret Steen |

The five children of J.S. and Miriam Herr grew up within 100 feet of the plant in Nottingham, Pa., where Herr’s potato chips were made.“Sometimes we would get chips as they were coming out of the ...

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An Insider's View

Published March 31, 2021 Joline Godfrey |

The onset of COVID-19, the movement for racial justice and warp-speed changes in biotechnology – these are a few of today’s realities transforming family aspirations to prepare the next generation...

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Ensure Family Harmony

Published March 31, 2021 Charlie Carr |

In the early years of a business, when the founding generation needs or wants extra cash, they make a distribution from the business to their personal account (if the company is turning a profit). Ove...

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NextGens to Watch 2021 call for nominations

Published March 24, 2021 |

Honor exceptional family business members age 35 or under by nominating them for inclusion in our NextGens to Watch Class of 2021.Our special spotlight feature, to be published in Family Business Maga...

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Going Direct: Best Practices in Family Office Direct Investing

Published March 18, 2021 Molly Simmons |

The trend toward family office direct private investing is clear. Applying best practices helps families excel.After reviewing key trends and execution models in Part 1 of our series, “Going Direct:...

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