Article Library



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 ...


Proposed tax changes update

Published May 13, 2021 Dave Bensema |

We’ve known for a while that tax changes are coming but have been waiting for specifics. While no legislation has been drafted, we recently got the high-level list of proposed changes in President J...


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...


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...


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...


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...


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...


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...


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...


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 succession planning?Think about it. Everything is at stake. When that happens, anxiety is a healthy response. It’s also a great m...


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 ...


Celebration Corner: Perdue at 100

Published April 8, 2021 Scott Chase |

It takes a tough man to make a tender chicken, and a whole company to ring in 100 years of family business.


Vision Boards

Published April 8, 2021 RICHARD N. SEAMAN |

How engaging an outside board helps an owner step back and work on the business