Article Library



The audacious ask

Published March 16, 2021 |

A couple things here. First, change is hard. That’s been established. Second, fear is usually the reason change is hard. This is especially true for family businesses whose roots run deep with tradi...


Diversity is more than a strategy. It’s a philosophy.

Published March 9, 2021 Amy Cosper |

Today, March 8, marks International Women’s Day. It’s a day to celebrate women’s achievements while calling out inequalities. We’ve come a long way since my mom burned her bra in the sixties, ...


Going Direct: The Rise of the Family Office and Direct Investing

Published March 5, 2021 Molly Simmons |

Global wealth has reached historically high levels, and many wealth-creating families are becoming more organized via the structure du jour: the family office (FO). By some accounts, the number of glo...


Difficult conversations

Published March 1, 2021 |

Noted adventurer and serial entrepreneur Richard Branson once wrote, “However important business is, family always comes first.” I think we can all agree with that statement, yes? Putting it into ...


A little respect, please

Published February 23, 2021 |

Last year I was running along the beautiful Poudre River. It was an epic weather day – sunny, warm, birds chirping, elk entering on cue and so forth.  I lost track of time and ended up doing a ...


A Wifi Refugee, a coffee and some cows

Published February 19, 2021 |

It’s a snowy day at 8,000 feet above sea level in Colorado, which -- while picturesque -- is bad for working. Internet access in the hinterlands of northwestern Colorado is iffy at best, totally una...


A note from the new-ish editor

Published February 12, 2021 |

Hello,readers. It is a great honor to step in as the editor-in-chief of Family BusinessMagazine. I look forward to learning more about you and your business. Your goals and challenges are the fra...


And for our next act … a succession at Family Business Magazine

Published January 22, 2021 Barbara Spector |

When I first joined Family Business in the summer of 2000, I thought the main issues facing family companies were avoiding family arguments in the workplace, ensuring that NextGens earn their stripes,...


Utz merges into the public market

Published January 4, 2021 Maureen Milford | Feature Article

It seemed as if wedding bells were about to ring.The love story circulating in 2015 was that the famed, folksy investor Warren Buffett was discussing a possible union with family-owned snack food comp...


Four paths to building a great business family

Published January 4, 2021 Dennis T. Jaffe | Feature Article

It’s common knowledge that only a handful of business families continue beyond the third generation as a family with a shared enterprise. How can younger families prepare to join that exclusive club...


HBO's 'Succession' isn't just great TV

Published January 4, 2021 Brad Bulkley | Feature Article

Scene: In a gilded townhome several floors above New York’s Fifth Avenue, a family toasts its patriarch’s 80th birthday. Rather than bask in the warmth of his family’s love and respect, the patr...


A culture of continuity is the key to family business longevity

Published January 4, 2021 Josh Baron | Advisers

Family businesses can represent both the best and worst form of capitalism. We’ve seen families build and nurture businesses that invest in the long term, in their communities and in working and gro...


Build a family 'social contract' that will strengthen succession

Published January 4, 2021 Debbie Bing | Advisers

Walking into Newbury Corp.’s headquarters for the first time, we were taken aback by the three-story-high painting of the founder that dominated the entry atrium. We had been invited by the current ...


Aligning management compensation and shareholder earnings

Published January 4, 2021 Bertha Masuda | Advisers

The boards of family businesses must find the proper balance between compensation for the management team working in the business and earnings for the family shareholders who own the business. It is l...


A transition with a twist

Published January 4, 2021 Barbara Spector | Departments

When I first joined Family Business in the summer of 2000, I thought the main issues facing family companies were avoiding family arguments in the workplace, ensuring that NextGens earn their stripes,...


Be mindful about mental health

Published January 4, 2021 Bill Rock | Departments

Many family businesses focus on creating long-term value and place significant importance on supporting multiple stakeholders, including their employees. For these family business leaders and owners, ...


January/February 2021 Family Matters

Published January 4, 2021 | Departments

Wesley Fehsenfeld has been named president and CEO of The Uhlmann Company, based in Kansas City, Mo.The Uhlmann Company, formerly known as the Standard Milling Co., owns flour brands Hecker’s and Ce...


Dueling Perspectives: Taking charge as a successor

Published January 4, 2021 Barbara Spector | Departments

Pamela Kan and Laura Markstein are presidents of family businesses in male-dominated industries. Both of their companies are based in the East Bay region of California’s San Francisco Bay area.Kan i...


At the Helm: Crystal Morris

Published January 4, 2021 Patricia Olsen | Departments

Generation of family ownership: Second.Revenue: $50 million to $60 million.Number of employees: More than 120.First job at this company: My dad and I started the guitar case business in 2000. Previous...


Celebration Corner: Elkay's 100th anniversary

Published January 4, 2021 Scott Chase | Departments

The Business: Known globally for its signature products — residential and commercial bottle fillers, drinking fountains, stainless-steel sinks, faucets and kitchenware — Elkay Manufacturing Compan...