{"id":2341,"date":"2026-05-20T19:47:06","date_gmt":"2026-05-20T19:47:06","guid":{"rendered":"https:\/\/business.cornell.edu\/centers\/?page_id=2341"},"modified":"2026-08-06T22:12:31","modified_gmt":"2026-08-07T02:12:31","slug":"smith","status":"publish","type":"page","link":"https:\/\/business.cornell.edu\/centers\/smith\/","title":{"rendered":"Smith Family Business Initiative"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><head><\/head><body><div class=\"intro-text global-spacing--3x dotted-line-start\">\n  <div class=\"acf-innerblocks-container\">\n\n<p>The Smith Family Business Initiative (SFBI) is dedicated to supporting and strengthening the network of owners, leaders, and alumni that work in, with or for a family business.<\/p>\n\n<\/div>\n<\/div>\n\n\n<section class=\"section-heading--wrap max-across--three span--red background--white bg--clear\">\n  \n      <div class=\"section-heading__intro\">\n      <div class=\"wysiwyg\">\n        \n<p>Founded in 2014 from a generous gift from&nbsp;<a href=\"\/centers\/smith\/about\/\">John and Dyan Smith<\/a>, the Smith Family Business Initiative provides education, networking, and new knowledge for family business owners, successors, and students from across the globe.<\/p>\n\n\n      <\/div>\n    <\/div>\n  \n  <div class=\"section-heading__content\">\n    <section class=\"list-column-component column-set text-margin-reset stats-section\">\n      <div class=\"grid-container\">\n        <div class=\"grid-x grid-margin-x\">\n                                                <div class=\"cell small-auto\">\n                <article>\n                  \n                                      <h3><a href=\"https:\/\/business.cornell.edu\/centers\/smith\/programs\/\" target=\"_self\">Outreach<\/a><\/h3>\n                  \n                                      <div class=\"global-spacing--0_5x wysiwyg\">\n                      <p>Our ability to grow the global network of family business students, alumni, and business owners.<\/p>\n\n                    <\/div>\n                  \n                                  <\/article>\n              <\/div>\n                                                            <div class=\"cell small-auto\">\n                <article>\n                  \n                                      <h3><a href=\"https:\/\/business.cornell.edu\/centers\/smith\/students\/\" target=\"_self\">Inreach<\/a><\/h3>\n                  \n                                      <div class=\"global-spacing--0_5x wysiwyg\">\n                      <p>Our ability to connect and educate our students.<\/p>\n\n                    <\/div>\n                  \n                                  <\/article>\n              <\/div>\n                                                            <div class=\"cell small-auto\">\n                <article>\n                  \n                                      <h3><a href=\"https:\/\/business.cornell.edu\/centers\/smith\/faculty\/\" target=\"_self\">Research<\/a><\/h3>\n                  \n                                      <div class=\"global-spacing--0_5x wysiwyg\">\n                      <p>Our ability to create and disseminate new knowledge in the family business space.<\/p>\n\n                    <\/div>\n                  \n                                  <\/article>\n              <\/div>\n                              <\/div>\n      <\/div>\n    <\/section>\n  <\/div>\n\n  <\/section>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-connect-learn-engage\">Connect. Learn. Engage.<\/h2>\n\n\n<section class=\"section-heading--wrap max-across--two span--red background--white bg--clear\">\n  \n  \n  <div class=\"section-heading__content\">\n    <section class=\"list-column-component column-set text-margin-reset stats-section\">\n      <div class=\"grid-container\">\n        <div class=\"grid-x grid-margin-x\">\n                                                <div class=\"cell small-auto\">\n                <article>\n                                                            <figure class=\"aspect-ratio-frame\" style=\"--aspect-ratio: 600\/800\">\n                        <img decoding=\"async\" src=\"https:\/\/business.cornell.edu\/wp-content\/uploads\/sites\/6\/2026\/05\/Mentors-Forum-24-600x400-1.jpg\" width=\"600\" height=\"400\" alt=\"Student talking to his mentor at a mentor forum\" loading=\"lazy\" sizes=\"auto\">\n                      <\/figure>\n                                      \n                                      <h3><a href=\"https:\/\/business.cornell.edu\/centers\/smith\/students\/sam-seltzer-mentors-forum\/\" target=\"_self\">Family Business Mentorscape<\/a><\/h3>\n                  \n                                      <div class=\"global-spacing--0_5x wysiwyg\">\n                      <p>SFBI has created a mentors&rsquo; platform with the goal of connecting our Cornell students and recent alumni with the vast expertise within our network. This is an outgrowth of our popular Sam Seltzer &rsquo;48 Mentors Forum and provides year-round access to our mentors.<\/p>\n\n                    <\/div>\n                  \n                                  <\/article>\n              <\/div>\n                                                            <div class=\"cell small-auto\">\n                <article>\n                                                            <figure class=\"aspect-ratio-frame\" style=\"--aspect-ratio: 600\/800\">\n                        <img decoding=\"async\" src=\"https:\/\/business.cornell.edu\/wp-content\/uploads\/sites\/6\/2026\/05\/Family-Business-Roundtable-033-600x400-1.jpg\" width=\"600\" height=\"400\" alt=\"People at conference\" loading=\"lazy\" sizes=\"auto\">\n                      <\/figure>\n                                      \n                                      <h3><a href=\"https:\/\/business.cornell.edu\/centers\/smith\/programs\/peer-leadership\/\" target=\"_self\">Peer leadership forums<\/a><\/h3>\n                  \n                                      <div class=\"global-spacing--0_5x wysiwyg\">\n                      <p>Forums combine the expertise of our Cornell Family Business Fellows and access to Cornell faculty and our extensive SFBI global network. Forums are carefully curated and are unique to its constituent members. Areas of growth and exploration are driven by the members.<\/p>\n\n                    <\/div>\n                  \n                                  <\/article>\n              <\/div>\n                              <\/div>\n      <\/div>\n    <\/section>\n  <\/div>\n\n  <\/section>\n\n\n  <section class=\"section-heading--wrap featured-articles--wrap max-across--three images--show intro-text--hide bg--clear\">\n          <div class=\"section-heading__title\">\n                  <div class=\"eyebrow\">Smith Family Business Initiative<\/div>\n                          <h2>Featured stories<\/h2>\n              <\/div>\n    \n    \n    <div class=\"section-heading__content\">\n      <div class=\"text-margin-reset\">\n        \n        <div class=\"featured-articles featured-article__smaller grid-container\">\n          <div class=\"grid-x grid-padding-x\">\n                          <div class=\"cell medium-auto\">\n                <article class=\"article article--side-by-side text-margin-reset\">\n      <figure class=\"aspect-ratio-frame\">\n      \n        <img decoding=\"async\" src=\"https:\/\/business.cornell.edu\/wp-content\/uploads\/sites\/6\/2026\/06\/Balcone-di-Giulietta-600x400-1.jpg\" width=\"600\" height=\"400\" alt=\"A private after-hours visit to the Balcone di Giulietta offered a moment of reflection.\" loading=\"lazy\" sizes=\"auto\">\n\n            <\/figure>\n  \n  <time>May 14, 2026<\/time>\n  <h3 class=\"h4\">\n          <a href=\"https:\/\/business.cornell.edu\/centers\/2026\/05\/14\/lessons-in-stewardship-from-italys-oldest-family-enterprises\/\">\n                  From Verona to Parma: Lessons in stewardship from Italy&rsquo;s oldest family enterprises\n              <\/a>\n      <\/h3>\n\n      <div class=\"global-spacing--1x\">\n      <p>A weeklong immersion with the Smith Family Business Initiative reveals how Italian family businesses preserve identity, governance and purpose across generations.<\/p>\n    <\/div>\n\n  \n      <div class=\"tags\">\n      <ul>\n                              <li class=\"term-list-item term-link\"><a href=\"https:\/\/business.cornell.edu\/centers\/the-latest\/?category=blog-posts\">Blog Posts<\/a><\/li>\n                        <\/ul>\n    <\/div>\n  <\/article>\n              <\/div>\n                          <div class=\"cell medium-auto\">\n                <article class=\"article article--side-by-side text-margin-reset\">\n      <figure class=\"aspect-ratio-frame\">\n      \n        <img decoding=\"async\" src=\"https:\/\/business.cornell.edu\/wp-content\/uploads\/sites\/6\/2026\/06\/Hollenbecks-Featured-Photo-resized.jpg\" width=\"400\" height=\"300\" alt=\"Hollenbeck&rsquo;s Cider Mill storefront with customers enjoying products\" loading=\"lazy\" sizes=\"auto\">\n\n            <\/figure>\n  \n  <time>April 1, 2026<\/time>\n  <h3 class=\"h4\">\n          <a href=\"https:\/\/business.cornell.edu\/centers\/2026\/04\/01\/pressed-for-legacy\/\">\n                  Pressed for legacy: Cider mill keeps a tradition going strong\n              <\/a>\n      <\/h3>\n\n      <div class=\"global-spacing--1x\">\n      <p>Big Red Microenterprise students reflect on helping a beloved upstate cider mill plan a sustainable future while staying true to its roots.<\/p>\n    <\/div>\n\n  \n      <div class=\"tags\">\n      <ul>\n                              <li class=\"term-list-item term-link\"><a href=\"https:\/\/business.cornell.edu\/centers\/the-latest\/?category=blog-posts\">Blog Posts<\/a><\/li>\n                        <\/ul>\n    <\/div>\n  <\/article>\n              <\/div>\n                          <div class=\"cell medium-auto\">\n                <article class=\"article article--side-by-side text-margin-reset\">\n      <figure class=\"aspect-ratio-frame\">\n      \n        <img decoding=\"async\" src=\"https:\/\/business.cornell.edu\/wp-content\/uploads\/sites\/6\/2026\/06\/Breakout-room-400x300-1.jpg\" width=\"400\" height=\"300\" alt=\"\" loading=\"lazy\" sizes=\"auto\">\n\n            <\/figure>\n  \n  <time>March 18, 2026<\/time>\n  <h3 class=\"h4\">\n          <a href=\"https:\/\/business.cornell.edu\/centers\/2026\/03\/18\/from-ideas-to-insight\/\">\n                  From ideas to insight: Lessons from Cornell&rsquo;s Sam Seltzer &rsquo;48 Mentors Forum\n              <\/a>\n      <\/h3>\n\n      <div class=\"global-spacing--1x\">\n      <p>Luca Mosena MBA &rsquo;27 shares how mentor conversations are shaping his goals in business and family enterprise.<\/p>\n    <\/div>\n\n  \n      <div class=\"tags\">\n      <ul>\n                              <li class=\"term-list-item term-link\"><a href=\"https:\/\/business.cornell.edu\/centers\/the-latest\/?category=blog-posts\">Blog Posts<\/a><\/li>\n                        <\/ul>\n    <\/div>\n  <\/article>\n              <\/div>\n                      <\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n\n      <\/section>\n\n\n    <section class=\"list-events global-margin--10x text-margin-reset bg--clear\" aria-label=\"List of events\">\n        <div class=\"grid-container\">\n            <div class=\"grid-x grid-margin-x\">\n                <div class=\"cell medium-6\">\n                    <div class=\"list-events__header\">\n                                                    <h2 class=\"list-events__heading\">Upcoming events<\/h2>\n                        \n                                                    <div class=\"global-spacing--1x\">\n                                <div class=\"intro-text\">\n                                    <p>&hellip;<\/p>\n\n                                <\/div>\n                            <\/div>\n                        \n                                                    <div class=\"global-spacing--1x button-row\">\n                                <a href=\"https:\/\/events.business.cornell.edu\/month\/tags\/Smith%20Family%20Business%20Initiative\" target=\"_self\" class=\"btn\" aria-label=\"\">All upcoming events<\/a>\n                            <\/div>\n                                            <\/div>\n                <\/div>\n\n                <div class=\"cell medium-6\">\n                                            <div class=\"list-events__list\">\n                                                            <div class=\"list-events__datetime\">\n                                    <h3 class=\"list-events__datetime__heading\">October 23, 2026 at 8:00am<\/h3>\n                                    <div class=\"list-events__datetime__events\">\n                                                                                    <div class=\"list-events__event\">\n                                                <h4 class=\"list-events__event__heading\"><a href=\"https:\/\/events.business.cornell.edu\/centers\/event\/20635-2026-families-in-business-conference\" target=\"_self\" class=\"stylized-link--dark\">2026 Families in Business Conference<\/a><\/h4>\n                                                                                                    <p class=\"list-events__event__excerpt\">After a one-year hiatus, we&rsquo;re excited to welcome back the Families in Business Conference this fall! The 11th annual conference&hellip;<\/p>\n                                                                                            <\/div>\n                                                                            <\/div>\n                                <\/div>\n                                                            <div class=\"list-events__datetime\">\n                                    <h3 class=\"list-events__datetime__heading\">October 24, 2026 at 8:00am<\/h3>\n                                    <div class=\"list-events__datetime__events\">\n                                                                                    <div class=\"list-events__event\">\n                                                <h4 class=\"list-events__event__heading\"><a href=\"https:\/\/events.business.cornell.edu\/centers\/event\/20634-nexgens-conference\" target=\"_self\" class=\"stylized-link--dark\">NEXGENS Conference<\/a><\/h4>\n                                                                                                    <p class=\"list-events__event__excerpt\">On Saturday, October 24, we are pleased to host the second NEXGENS Conference. Inspired by the Family Business Alliance, NEXGENS&hellip;<\/p>\n                                                                                            <\/div>\n                                                                            <\/div>\n                                <\/div>\n                                                            <div class=\"list-events__datetime\">\n                                    <h3 class=\"list-events__datetime__heading\">November 10, 2026 at 9:00am<\/h3>\n                                    <div class=\"list-events__datetime__events\">\n                                                                                    <div class=\"list-events__event\">\n                                                <h4 class=\"list-events__event__heading\"><a href=\"https:\/\/events.business.cornell.edu\/centers\/event\/20577-cornell-family-business-tour-for-alumni-amp\" target=\"_self\" class=\"stylized-link--dark\">Cornell Family Business Tour for Alumni &amp; Friends<\/a><\/h4>\n                                                                                                    <p class=\"list-events__event__excerpt\">In Italy, the role of family in business cannot be mistaken. Culinary tradition, artisan skills, and operational knowledge are passed&hellip;<\/p>\n                                                                                            <\/div>\n                                                                            <\/div>\n                                <\/div>\n                                                    <\/div>\n                                    <\/div>\n            <\/div>\n        <\/div>\n    <\/section>\n\n\n<section class=\"section-heading--wrap max-across--two background-stat-color--blue_white\">\n      <div class=\"section-heading__title\">\n            <h2>Family business: by the numbers<\/h2>\n    <\/div>\n  \n  \n  <div class=\"section-heading__content\">\n    <section class=\"list-column-component column-set text-margin-reset stats-section\">\n      <div class=\"grid-container\">\n        <div class=\"grid-x grid-margin-x\">\n                                                <div class=\"cell small-auto\">\n                <article>\n                  \n                                      <h3>5.5 million<\/h3>\n                  \n                                      <div class=\"global-spacing--0_5x wysiwyg\">\n                      <p>family businesses in the U.S.<\/p>\n\n                    <\/div>\n                                  <\/article>\n              <\/div>\n                                                            <div class=\"cell small-auto\">\n                <article>\n                  \n                                      <h3>24%<\/h3>\n                  \n                                      <div class=\"global-spacing--0_5x wysiwyg\">\n                      <p>family businesses that are led by a female CEO or President.<\/p>\n\n                    <\/div>\n                                  <\/article>\n              <\/div>\n                                                            <div class=\"cell small-auto\">\n                <article>\n                  \n                                      <h3>24 years<\/h3>\n                  \n                                      <div class=\"global-spacing--0_5x wysiwyg\">\n                      <p>average life span of a family-owned business.<\/p>\n\n                    <\/div>\n                                  <\/article>\n              <\/div>\n                                                            <div class=\"cell small-auto\">\n                <article>\n                  \n                                      <h3>77%<\/h3>\n                  \n                                      <div class=\"global-spacing--0_5x wysiwyg\">\n                      <p>new business ventures established in the U.S. founded with significant involvement of the family.<\/p>\n\n                    <\/div>\n                                  <\/article>\n              <\/div>\n                              <\/div>\n      <\/div>\n    <\/section>\n  <\/div>\n\n  <\/section>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-further-readings\">Further readings<\/h2>\n\n\n\n<p>Take a look at news, recaps, and highlights on our Family Business Blog.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button btn external\" href=\"https:\/\/fambizsuccess.wordpress.com\/\">FAMILY BUSINESS BLOG<\/a><\/div>\n<\/div>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>Connect. Learn. Engage. Further readings Take a look at news, recaps, and highlights on our Family Business Blog.<\/p>\n","protected":false},"author":48,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"leadership":[],"class_list":["post-2341","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.2 (Yoast SEO v28.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Smith Family Business Initiative - Cornell College of Business<\/title>\n<meta name=\"description\" content=\"The Smith Family Business Initiative (SFBI) is dedicated to supporting and strengthening the network of owners, leaders, and alumni that work in, with or\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/business.cornell.edu\/centers\/smith\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smith Family Business Initiative\" \/>\n<meta property=\"og:description\" content=\"The Smith Family Business Initiative (SFBI) is dedicated to supporting and strengthening the network of owners, leaders, and alumni that work in, with or\" \/>\n<meta property=\"og:url\" content=\"https:\/\/business.cornell.edu\/centers\/smith\/\" \/>\n<meta property=\"og:site_name\" content=\"Centers &amp; 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