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Engaging the next generation

Published January 14, 2019 Katy Wilder Schaaf | Feature Article

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Preparing children emotionally for the transfer of ownership

Published January 14, 2019 Nikki Michelini | Advisers

There are two aspects to transferring a business to children. Of course, there’s the technical aspect: transferring ownership in a tax-efficient manner and as part of a business continuity plan. The...

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Human resources is a critical part of an effective family business

Published January 14, 2019 Robert G. Brody | Advisers

Human resources is a essential component of any well-functioning business, but in many family companies, HR is merely an afterthought. Even those family business owners who recognize the importance of...

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Generation 3 marks a monumental shift

Published January 14, 2019 Barbara Spector | Advisers

At our Transitions Canada 2018 conference in September, attendees from second-generation businesses were eager to learn about the challenges they would confront when they transitioned to the third gen...

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Setting the standard in governance

Published January 14, 2019 Bill Rock | Departments

In commemoration of Family Business Magazine’s upcoming 30th anniversary, later this year we will honor 30 family businesses that have exhibited exceptional progress in business governance, family g...

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Family Matters January/February 2019

Published January 14, 2019 | Departments

Robert “Matt” Beall has been named president of Bealls Stores Inc., headquartered in Bradenton, Fla. Beall, great-grandson of founder Robert M. Beall, began his retail career at Ross Stores and jo...

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Dueling Perspectives: Rosanne Longo and Jesse Longo

Published January 14, 2019 April Hall | Departments

One challenge for family members who work together is recognizing the difference between family and business roles, and knowing which “hat” to wear when. When everyone gathers around the dinner ta...

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At the Helm: Satya Tiwari

Published January 14, 2019 Patricia Olsen | Departments

Generation of family ownership: Second.Company revenues: $140 million projected for 2017.Number of employees: 500.Years with the company: 14. I joined the company in 2004 and became president in 2006....

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Celebration Corner: Gorrill Ranch's 100th anniversary

Published January 14, 2019 Barbara Spector | Departments

The Business: Ralph Gorrill, who had a degree in engineering from the University of California, Berkeley, was working on road and bridge projects for the state in the Durham, Calif., area. In 1918, he...

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Their cup runneth over

Published January 14, 2019 April Hall | Departments

They call the Kentucky Derby “The Run for the Roses,” but the winner gets more than a rose garland and a sizable check at the end of the famous horse race. The owner of the winning horse receives ...

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Our top five stories of 2018

Published December 20, 2018 |

Readers of Family Business showed a wide-ranging interest in educational and news topics this year. Of our best-read stories online in 2018, no subject was represented twice, demonstrating the many ne...

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A knockout track record in business

Published December 12, 2018 |

By April HallWhen George Foreman III went to his dad to talk about starting his own business, the former champion boxer was not on board.“My father didn’t help me one lick,” George III recalls. ...

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Prioritizing education for the succeeding generation

Published December 12, 2018 | Feature Article

The late Larry H. Miller, founder of the Larry H. Miller Group of Companies, was not a good student. Though he was intelligent, he was often thrown out of class and school. He barely graduated high sc...

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Buying the Utah Jazz was a slam dunk

Published December 12, 2018 | Feature Article

When Gail and Larry Miller bought into the NBA’s Utah Jazz, they had been to just a few games, and that was only by invitation from people who hoped the couple would invest in the team.The Jazz move...

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Wall Street observers riveted by talk of Levi’s IPO

Published November 15, 2018 |

By Barbara Spector[[{"fid":"10023","view_mode":"default","fields":{"format":"default","field_file_image_alt_text[und][0][value]":false,"field_file_image_title_text[und][0][value]":false},"type":"media...

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A baked-in tradition

Published November 14, 2018 |

‘Howdy’ Holmes shares his family recipe — ‘JIFFY’ Corn Muffin Mix — with millions each year.By April Hall[[{"fid":"9935","view_mode":"default","fields":{"format":"default","field_file_imag...

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Finding the right balance at Vertex

Published November 11, 2018 April Hall | Feature Article

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When a non-family member leads the family business

Published November 11, 2018 April Hall | Feature Article

In 2008, when the search firm helping IDEAL Industries find a non-family CEO suggested Jim James, third-generation leader Dave Juday balked. James was then working an hour and a half away from IDEAL...

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The role of culture in recruitment of non-family executives

Published November 11, 2018 Barbara Spector | Feature Article

In late August, Dave Glenn, a family shareholder in Elkay Manufacturing Company — an Oak Brook, Ill.-based manufacturer of commercial and residential sinks and other products — hosted a few relati...

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Designing incentive compensation for key non-family executives

Published November 11, 2018 Theodore Sharp | Feature Article

Many family businesses will reach a point where non-family executives are needed to manage the company and take it to the next level. There are myriad challenges to overcome in attracting outside tale...

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