Family Business

The 2014 Family Business Awards: Best Practices Award

The 2014 Family Business Awards: Best Practices Award

WINNER Nelson Electric Seattle Not content with being a subcontractor on projects planned and managed by others, Marvin Nelson, president of Nelson Electric, has overseen a transition of the 63-year-old firm to one with a design-build, team approach to facilities design and construction. Retaining experienced and knowledgeable employees during the recession was also a key…

The 2014 Family Business Awards: Transformation Award

The 2014 Family Business Awards: Transformation Award

WINNER Telect Liberty Lake Telect, a manufacturer of telecommunications equipment, has had to remake itself to match the dramatic restructuring of its industry. After 17 years of growth, the collapse of the telecom market, the economic downturn and the shift from wireline to wireless technology resulted in a 70 percent drop in revenue in 24…

The 2014 Family Business Awards: Small Firms

The 2014 Family Business Awards: Small Firms

WINNER Owens Meats Cle Elum Two of Seattle Business magazines judges went to the extra effort of testing Owens Meats products and promptly disqualified themselves from judging this category, declaring themselves biased because of how good the products tasted. Thats part of the reason, as the company puts it, five generations of customers have been…

The 2014 Family Business Awards: Midsize Firms

The 2014 Family Business Awards: Midsize Firms

WINNER Burkhart Dental Supply Tacoma Burkhart Dental isnt just the oldest company in Tacoma; its one of the most successful. Started in 1888 by a dentist, Burkhart now supplies more than $150 million a year in equipment, repair, supplies, consulting, continuing education and other services to more than 5,000 dentists, operating a network of branch…

The 2014 Family Business Awards: Large Firms

The 2014 Family Business Awards: Large Firms

WINNER Harbor Wholesale Foods Lacey Harbor Wholesale Foods, which distributes to convenience stores, small grocers and restaurants, has come a long way since 1923, when it was founded in Aberdeen by Swedish immigrant Carl Erickson. It also has come a long way in just the past 10 years, with tripled revenue, five acquisitions, construction and…

The 2014 Family Business Awards

The 2014 Family Business Awards

Staid. Stuck in their ways. Resistant to change. Insular. Family-owned companies have had those generalizations tossed at them more than once. But as the winners of this years Family Business Awards show, companies dont survive through multiple generations of family ownership by clinging to those traits. Theyve had to adjust to economic downturns and sweeping…

Family Business Awards 2013: Small Firms

Family Business Awards 2013: Small Firms

WINNER: Evergreen Beauty College Everett/Bellevue/Renton | 35 employees | evergreenbeauty.edu Back when Vietnamese immigrant Thi Trieu and her husband, Hoa, settled in the Seattle area and opened their first beauty salon, they made ends meet by cleaning restaurants and schools at night. One of them was a beauty college in Lynnwood. Years later, in 1996,…

Family Business Awards 2013: Midsize Firms

Family Business Awards 2013: Midsize Firms

WINNER: B.E. Meyers & Co. Redmond | 80 employees | bemeyers.com From the heavens to the battlefields. Thats the story of B.E. Meyers Co., which found its niche as a military contractor during the nations forays into Iraq and Afghanistan. Back in 1974, Brad Meyers began selling telescopes to amateur astronomers and had a brainstorm:…

Family Business Awards 2013: Large Firms

Family Business Awards 2013: Large Firms

WINNER: Uwajimaya Seattle/Bellevue/Renton | 302 employees | uwajimaya.com Uwajimaya, one of the big draws in Seattles Chinatown-International District, is part of the fabric of Seattle a destination store that attracts tourists and local residents alike with its distinctive selection of Asian food items, seafood, produce and gifts. Its origins are humble: Fujimatsu Moriguchi began in…

Family Business Awards 2013: Transformation Award

Family Business Awards 2013: Transformation Award

WINNER: Dennis Company Raymond | 82 employees | denniscompany.com There are three constants in the 108-year history of Dennis Company. It knew how to recognize an opportunity, it always knew when to adjust and, since 1919, it has been under the sole control of the Dennis family. From its beginnings delivering coal, ice and firewood…

Family Business Awards 2013: Succession Award

Family Business Awards 2013: Succession Award

WINNER: Windermere Real Estate Seattle | 40 employees, 6,200 agents | windermere.com In 1972, banker John Jacobi decided he wanted to own his own business and he talked the owners of a small Wedgwood real estate firm into selling if he could prove himself within a year. His idea was that he was going to…

Family Business Awards 2013: Legacy Award

Family Business Awards 2013: Legacy Award

WINNER: Wilcox Family Farms Roy | 220 Employees | wilcoxfarms.com A fixture of the countryside southwest of Yelm for more than a century, Wilcox Family Farms has become one of the largest egg producers in the Pacific Northwest, with upward of $70 million in annual sales. The business has grown 15 percent a year for…

The unplanned entry of a family member into a family business can cause turmoil

The unplanned entry of a family member into a family business can cause turmoil

Attorney, Paradigm Counsel Not every family business is a Wal-Mart, Ford Motor Co., or a Cargill. Around 60 percent of family businesses will not survive past the second generation, and only three percent will make it to the fourth. Some family businesses do better and last longer than others. The question is: Why? Many family…

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