Hubler For Business Families
  • Home
  • About
    • Tom Hubler
    • News & Press
  • Services
    • Succession Planning
    • Ownership Planning
    • Management and Leadership Planning
    • Business Planning
    • Family Planning
    • Family Renewal Retreat
  • Speaking
  • Book
  • Resources
    • Free Assessment
    • Case Studies
    • Vision for Success
    • Blog
  • Contact
  • Home
  • About
    • Tom Hubler
    • News & Press
  • Services
    • Succession Planning
    • Ownership Planning
    • Management and Leadership Planning
    • Business Planning
    • Family Planning
    • Family Renewal Retreat
  • Speaking
  • Book
  • Resources
    • Free Assessment
    • Case Studies
    • Vision for Success
    • Blog
  • Contact

Recognizing the Best in Minnesota Family Businesses

To be recognized as a Minnesota Family Business of the Year has blossomed from an unknown to a prestigious award in the years since its inception. It has grown in participation, number of nominations, community interest, stature and value. Previous year's applicants represent a multifaceted picture of family business approaches and industries. I want to share with you the five criteria and best family business practices the selection committee will use to determine the award choices. It may prompt you to nominate a business or compare these winning ways to your own family business.

Each previous finalists demonstrated leadership and excellence in these five aspects:
  1. Business success. How adept was the business at growth, job creation, profitability and organizational culture? Business success was a fundamental, but not primary, criteria.
  2. Family participation in the business. How many family members are employed or involved in the business? How many generations are involved in the business? What are the family's business values and stewardship principles?
  3. Positive family business structure. Does the business family conduct formal family meetings or have a family council? Does it include a separate family vision statement and a formal family participation plan to train and develop the next generation of family leaders? Is there a succession plan with the structures to implement it?
  4. Active board. Does the business have an active board of directors that includes outside advisors or members (not just a legal, but an active board)?
  5. Community service and philanthropy. Does the family business give back? Does it excel in its leadership?

Family businesses are extraordinarily important to free enterprise, job creation and the recovery of Minnesota's economy. We appreciate and thank everyone who participates in and supports family businesses and this award ceremony.

About

Hubler for Business Families helps family businesses manage the boundary between their business/financial concerns and family relationships.

LEARN MORE

Services

Succession Planning
​Management and Leadership Planning
Ownership Planning
Business Planning
Family Planning
Family Renewal Retreat
Speaking

Resources

Picture
Case Studies
​Vision for Success
​Other Resources
Site Map
​The Soul of Family Business

SHOP The Soul Of Family Businesses
Free Assessment
​© COPYRIGHT HUBLER FOR BUSINESS FAMILIES 2022. ALL RIGHTS RESERVED.
​
WEBSITE DESIGNED BY: SKOL MARKETING