Article Library on Business | Family Business Magazine

Families need to begin open and honest conversations around wealth, recognize teachable moments, discuss and learn about “money history” and educate each family member about money management.

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Are you an entrepreneurial thinker? A quiz.

Published August 3, 2021 Amy C. Cosper |

Innovation is something we should all encourage

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Rethink your approach to branding

Published July 21, 2021 Travis Coley |

Joseph and Anna Maria Severino learned the art of pasta making from Umberto Casoli, an artisanal pasta maker in Rome, Italy. In 1971, they returned to America with recipes in hand and introduced their...

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Deeply Rooted

Published July 21, 2021 Matt Villano | Feature Article

For the Trefethen family, life is good and the wine is great. But the road to success has has its share of challenges

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2021 NextGens to Watch: An Entrepreneurial Spark

Published July 7, 2021 Barbara Spector | Feature Article

If you aspire to pass your business down from generation to generation, you need a product or service in high demand, a strategic plan to achieve manageable growth, and effective sales and market...

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Ralph Brennan's core values

Published July 6, 2021 Jason Meyers |

Ralph Brennan’s 5 Core Values (in his own words)1. Personal & Professional Growth“I want our team to be better a year from now than they are today. As they grow individually, we grow as a comp...

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Focus on people first

Published July 6, 2021 As told to Patricia Olsen |

Leadership is more than a seat at the head of the table. It's about inspiring greatness, according to Heather Falcone, CEO, Thermal-Vac Technology in Orange, Calif.Generation of family ownership: Seco...

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The subtle art of the pivot

Published July 6, 2021 Jason Meyers |

Randall-Reilly is pivoting — again — by using data to weed out less desirable customers and focus its sales force on more profitable prospectsBack in 2014, Brent Reilly—the second-generation Rei...

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Brennan's: Old Is the New New

Published July 6, 2021 Jason Meyers |

Ralph Brennan focuses on preserving legacy, reinventing tradition and reminding his staff and customers that 75 years is nothing in the New Orleans restaurant business.

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Music to your eyes

Published July 6, 2021 Jason Meyers |

Moscot started sharing music with the neighborhood in 2004, when fourth-generation CEO Harvey Moscot started playing his guitar on a slow day at the family-owned eyewear maker’s flagship shop on New...

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Petal to the metal for this family business

Published July 6, 2021 Jason Meyers |

When S. Roy Sheffield started carting flowers around Chicago in 1932, local growers paid him in flowers instead of cash. So he bundled his bounty into bouquets and sold them on the corner of Ashland a...

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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...

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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 ...

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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...

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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,...

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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, ...

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