Category Archives: Blog

  • Blog

    Member Spotlight: Hylant (part two)

    Member Spotlight: Hylant Family (part two) Last month we shared with you the story of the Hylant Family Business from the perspective of 2nd generation Mike Hylant. Mike shared with us the history of Hylant and what it has been like for him working in the family business. Many of us know Mike’s son, Matt Hylant….
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  • Blog

    FBA Member Spotlight: Gimbal Capital Management

    David Hodge, CFA, CFP Gimbal Capital Management Gimcap.com Tell the story of GCM, how it was founded & how it became a family business. Gimbal Capital Management was founded in 1994 by Dan McAdams to provide investment management services to families in West Michigan.  Dan got his start in West Michigan as a commercial lender…
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  • Blog

    3 Ways Your NextGen Can Increase Your Valuation

    NextGen leaders have a unique opportunity to increase the financial value of their company by driving three key conversations with the NowGen that can mitigate business (and valuation) risks.  Here are the risks and their counter-balancing conversations: Valuation Risk – Revenue Growth How does the company grow? Are there new products or innovation?  Markets and…
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  • Blog

    Member Spotlight: Hylant

    Hylant started as a Toledo-based insurance company in 1935. In the late 1980s, the third generation of the company made the bold move to expand the business to new markets. Today, with third and fourth generation family members in leadership, Hylant has 14 offices in six states with nearly 700 employees. Despite the company’s growth,…
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  • Blog

    Family-Owned Businesses Wrestle with Talent Concerns

    As president of Grand Rapids Label and chair of the Family Business Alliance, Bill Muir understands what family-owned companies are going through right now. According to Muir, manufacturers remain optimistic heading into the new year, and they’re making more investments to support their customers. Eventually, the economy will go into another cycle and we’ll have…
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  • Blog

    Member Spotlight: Russo’s International Market

    In 1905, just three years after moving to the USA from Sicily, Giovanni B. Russo started what is now called Russo’s International Market.  Today, this fourth generation thriving family business is run by seven family members. To get to know a little more about Russo’s International Market, we talked with Kelley Russo who is part…
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  • Blog

    Recap: From Partners by Chance to Partners by Choice

    When you’re born into a family business, you inherit not only the business and the family legacy—you most likely also inherit partners (aka cousins and siblings).  No matter how tight-knit your family may be, there are certain challenges when it comes to transitioning from family member to co-worker to partner. Dana Telford, Principal Consultant with…
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  • Blog

    Estate Planning for Family Business

    Jennifer Remondino and Daniel Borst, attorneys with Warner Norcross & Judd, did not disappoint at the FBA’s sold out November Lunch & Learn on Estate Planning for Family Business. Jennifer and Dan shared the key to success for family businesses that defy the odds and successfully transition from generation to generation: It takes thoughtful, proactive…
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  • Blog

    Member Spotlight: Kent Companies

    How Kent Companies is Growing Talent Outside of the Family Tree Attracting and retaining top talent is important to your business—after all, turnover comes at a high price. When it comes to attracting and retaining employees, family businesses that brand themselves as such have a leg up on the competition. In addition to the family…
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  • Blog

    Is family part of your brand identity?

    When you think about your business and its brand, what words come to mind? Pause. Really think about this for a moment. Jot down 3-5 words. So, what words made your list? Quality? Service? Innovation? These are all great words. But, what about family—did it make the cut? If not, we suggest that it should….
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