iBi - September 2009

An Interview with Royal Coulter

Coulter Companies President and CEO Royal Coulter is the third generation of Coulters to manage the family business. The fourth generation--sons Chris, Jeff and Matt--are intimately involved with the business and poised to assume ownership upon his retirement. And with seven fifth-generation members born since 2001, there is a solid chance that the company will even see a fifth generation of family ownership--no small feat for a family business.

iBi Focus

Family Business

  • Passion and Loyalty: A Way of Life
    The companies you will read about in this issue are just a tiny sampling of the many family-owned businesses in central Illinois, each with their own unique histories.
by Anna Gaynor

The chronicle of immigrants coming to this country and starting successful businesses is a quintessentially American one.

by Karina Swank

Traditions and heirlooms are often passed down from generation to generation. Great grandmother’s wedding ring, grandpa’s military medals, or that recipe for the dessert you make every Christmas Eve have passed through many hands and seen many years.

Problems and Solutions for Family Business Succession

Some say it's one of the most critical challenges that a family business owner faces.

The United States has thrived through the decades, both in good and challenging times, with family-owned businesses being an economic driver.

Esteemed for its diverse educational opportunities and recognized for promoting individual self-worth and values, Midstate College is also admired for its family-driven culture.

Ronda Daily is no stranger to change. The owner of Bremer Jewelry since 1984, she has increased her business significantly over the years by implementing unique marketing programs and keeping up with the latest technologies.

Who would guess that the Peoria scrap business would be a good place to find love?

In an age when stories of failing banks and lending institutions are commonplace, some are finding ways to survive and even grow in the current financial climate.

After working for others for nearly 20 years at a large Chicago advertising agency and two consumer product companies, Jane Converse thought she'd learned enough to set out on her own.

152 Years of Goodwill

Through it all, A. Lucas and Sons-the oldest manufacturing business in Peoria and one of the oldest steel fabricators in the country-has kept its doors open every working day since 1857.

From groceries to hardware, Mike and Don Nena have made quality service a household name.

For most businesses, evolution is a necessity. They may change locations, products or owners, and usually these changes happen over a long period of time. Widmer Interiors is no exception, but unlike many, the family had a plan.  

Since 1971, Metro Centre has made its home in the heart of Peoria. Part of its Main Street appeal can be seen in the many family-owned businesses that call it home.

Making History as a Family

Jim Scherer's family is comfortable with innovation. The trend started in the early 1900s when his great-grandfather accepted the offer of David Dunbar Buick to sell something called an "automobile."

Walking down the red hallways with their contemporary fixtures, it's hard to imagine that this space was once occupied by antiques and artifacts from the last century.

The HBO television show Six Feet Under brought the funeral home industry into the limelight, with a behind-the-scenes look at the nature of these businesses, which are very often run by families and passed down from generation to generation.

Reinventing Green

"Green" is a hot buzzword today, but Gary Jacob's grandfather was just trying to survive the Great Depression when he provided farmers with the ability to harness wind power.

While the country experiences one of the worst recessions in decades, Steger's Furniture of Pekin experienced their second-best fiscal year in 2008.

The relationship between father and son is as old as humanity itself. Traditions, history, life experiences and leadership qualities have been passed from father to son for generations.

Operating a family business can be knotty enough without complicating the dynamic by adding other families into the mix. But for some, that has been the formula for a successful business.

When Cristy Delicath and her daughter, Michele Cox, realized they were no longer having fun in their day-to-day jobs, they decided to have a tea party-every day.

A well-known Greek proverb states, "Eat and drink with your relatives; do business with strangers."

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iBi Balance

The preservation of Peoria's history has long been in the care of the Peoria Historical Society—since its 1934 inception—but the society's roots go back even further, to 1839.

From meals to hotels to rental cars, the expenses of a vacation or business trip can add up quickly, and it usually begins with one of the more expensive purchases—airfare.

Tweet for Business?... Color Sells!... My Faves... D.I.Y. Coffee Table Books... Virtual Bookshelves for Movie Cataloging... Living with Mom Again...