Article Library



Leadership in 60 seconds

Published July 6, 2021 Transformational Women in Family Business participants |

These thoughts on leadership were contributed by participants, CEOs and board members during a networking event, called The Hub at the Transformational Women in Family Business conference.Know what yo...


What does family business mean to you?

Published July 6, 2021 Matt Villano |

As part of our feature story on the Trefethen family winery, we wanted to know more about their family dynamics. Members of the Trefethen family say they are usually on the same page when it comes to ...


Be intentional when it comes to gender parity

Published June 30, 2021 Caru U. Rock |

Recently, we hosted a new conference called “Transformational Women.” This event focused on women at all levels of family business. It attracted almost 200 women from around the country and showca...


The family therapist is in: Building trust

Published June 15, 2021 Jeff Strese |

Building and sustaining relational trust can be complex and daunting. Trust-building is not just a novel team-building activity you do every couple of years. In this new era of post-pandemic recovery,...


8 emotional lessons of succession

Published June 15, 2021 Mike Sipple, Jr |

In 2012, our family business began a healthy succession process – but do not mistake “healthy” for “painless.” We did all the right things — planned, brought in outside advisers. However, ...


I made my kids wear Carhartts and I'm not sorry

Published June 14, 2021 Amy C. Cosper |

Carhartt is about as American as it gets. The iconic, fifth-generation family business employs more than 5,000 people worldwide. Its global footprint reaches into every corner of the world. It has man...


Cannabis saves the Patton Family Farm

Published June 7, 2021 Amy C. Cosper |

The Patton family name has been synonymous with the military for generations. General George S. Patton is widely considered one of the most successful combat generals in U.S. history and his son, Geor...


Know the Tension Points of Family Business Transition

Published May 26, 2021 Kathleen Hoye, CExP, ACFBA, CFWA |

As family businesses transition from one generation to the next, they experience common “tension points” that, unless proactively addressed, can impede long-term sustainability. These tension poin...


Why some family constitutions fail

Published May 18, 2021 Vijay Sathe |

Family constitutions, sometimes called family charters, differ in details but generally specify the family’s values and vision, criteria for family member employment and ascent to leadership, and th...


In a divorce, who gets what?

Published May 18, 2021 Jon Moore |

As demanding as the process of divorce can be, it becomes even more complex when a family business is involved.Few divorce settlements rival the 4% stake in Amazon, valued at $38 billion, that MacKenz...


Priorities for family enterprises in a post-covid world

Published May 18, 2021 Bobby Stover |

COVID-19 vaccinations are underway, but there is still uncertainty. The pandemic has created profound economic, cultural, financial and political dislocation. Perhaps one of the biggest unknowns for 2...


Diversity in 60 seconds

Published May 18, 2021 |

Key points on diversity you probably need to know Why is diversity important to the Yoh family? Diversity is an essential element to our business. It’s a core value and a competitive advan...


When to consider external sources of funding

Published May 18, 2021 Rustom J. Desai |

The value proposition of your company must be well documented, rehearsed and agreed to by all stakeholders.


Running a trapline, defined

Published May 18, 2021 Jason Meyers |

In the fur trapping game, a trapline is a route along which a trapper sets a series of traps (yes, that kind of trap) in an attempt to snag whatever animals might yield the most value.Maybe ...


Gilbane's 4 pillars of excellence

Published May 17, 2021 Margaret Steen |

In early 2019, the leaders of Gilbane Inc., a construction and real estate development firm based in Providence, R.I., held a brainstorming session. “We had virtually doubled the size of the company...


2021 Compensation Survey

Published May 17, 2021 Bertha Masuda |

Key findings for family business executives: Level of pay correlates with company sizeExecutive compensation is one of the most important decisions family-owned companies make. Compensation plans play...


100 years of gratitude

Published May 17, 2021 Amy C. Cosper | Feature Article

For the Goodfellow family, building a culture of excellence reaches far beyond the boardroomIt is a rare opportunity to capture moments in history that have left an indelible mark on humanity. Life le...


Legendary lessons from lockdown

Published May 17, 2021 Bill U. Rock | Departments

Separating the business from the family is always a challenge, especially during (and after) a pandemicLike a lot of businesses, the MLR Media team has been working remotely for over a year, and it’...


Leadership. The answer is always yes (until it isn't)

Published May 17, 2021 As told to Patricia Olsen | Departments

Tom Krouse is the President and CEO, Donatos Pizza, Columbus, Ohio. He took the time to chat with Family Business reporter Patricia Olsen to discuss leadership lessons and to answer the mystery o...


Values: A distinct feature of the family enterprise

Published May 17, 2021 Amy C. Cosper |

I’ve spent most of my career writing about and hanging out with startups and entrepreneurs around the globe — an adventurous set of personalities to be sure. Most founders lead their efforts with ...