As the global airline industry lost $370 billion in 2020, private aviation companies were quick to pick up the slack. CB SkyShare, for one, has seen an explosion in growth as more people have turned to flying private during the pandemic.

“You have at the top end of private flight, the NetJets and the FlexJets, which basically appeal to that top 0.05 percent,” says Michael Patwin, VP of marketing at CB Skyshare. To contrast, CB Skyshare caterers to the top two percent. …


After having successfully started and grown a business over a long period of time, many founders are ready to hand over the reins to new management and enjoy the fruits of their labor: a diversified personal balance sheet, family time, and opportunities for travel while unplugged from everything required to run a business.

Often, I encounter business owners who have mentally crossed the Rubicon and are ready to sell their companies only to realize that they have not adequately laid the groundwork to allow for a successful management transition or transaction. And this approach needs to change.

Business owners frequently…


In speaking with CEOs and heads of product or engineering for smaller high-growth companies, they often ask me about outsourcing. The question is usually whether or not their company should consider expanding beyond their in-house development talent to include outsourcing models.

In my experience with high-growth companies, outsourcing has always been a question of when―not if.

A leadership team’s ability to augment in-house engineering teams with contractors can have a direct impact not only on volume and quality of product output, but also on the effectiveness of available budget. For example: outsourcing with a trusted partner gives companies the ability…


When Utah billionaire Ryan Smith bought the Utah Jazz for $1.6 billion several months ago, the transaction ended the 35-year reign of the Miller family’s ownership of the professional basketball team.

On the surface, it looks like another billion dollar transaction. But Smith’s big outlay underscores a dynamic shift that’s occurring throughout Utah. He’s part of a new generation of young tech wealth in the state, and the Miller family has long been billion dollar royalty.

“It’s a changing of the guard,” says David Stringfellow, chief economist for the Utah State Auditor. “There are new people in the mix. …


Four years ago, Ritch Wood was looking for a better way to grow plants. As the CEO of global skincare company Nu Skin, he ran into ingredient shortages every winter when fields went dormant―and when he moved grow operations to the equator he ran into water and land shortages, along with a host of quality control issues.

Nu Skin needed reliable, quality ingredients for their skincare products. But farming was too unpredictable an industry. “If there was a way to grow indoors,” he thought, “and be able to do that 24 hours a day, 365 days a year―if we could…


The Founder Series is a monthly column by and about Utah founders and how they got to where they are today. Click here to read past articles in the series.

For a really long time, I had no idea what I wanted to be when I grew up. I went to junior high and high school in Applegate, Oregon―a small town with 200ish people. I played a lot of sports and was, athletically, a “big fish in a small pond” during my years there. My athletic competition was like eight people out in the country, so part of me delusionally…


Utah’s own Fluidx Medical Technology is shaking up the anti-cancer therapy world with a novel embolic therapy solution, GPX Embolic.

In February 2021, the first human clinical trial results were released, showing successful tumor embolization using Fluidx’s proprietary polymer-based therapeutic.

“It’s essentially a novel polymer-based material that fully blocks blood flow to tumors,” explains Libble Ginster, president and CEO of Fluidx. “Other polymer-based products on the market require a toxic solvent, dimethyl-sulfoxide (or DMSO), to exert their effect, which can cause pain and blood vessel spasm in the patient. …


Bill and Suzanne Jun have been successfully running their Etsy shop ilovelotus since 2011―just six years after Etsy itself started up.

The Juns opened a brick-and-mortar store in 2000 selling crystals, jewelry, and glass bottles. After relocating to Draper in 2008 they began marketing and selling on Amazon.com, but they wanted more, so they chose to move to Etsy soon after.

To date, their Etsy store features 3,025 active listings, 431,800 current sales, and 115,276 reviews. These reviews give the store an average item review of five stars. The popular keywords that accompany these stellar reviews mention, “quality”, “shipping”, and…


I talked with the local Salt Lake Etsy shop, Signed & Numbered, specializing in custom wood frames. Leia Bell who co-owns the shop with her husband, Phil Sherburne told me their shop has over 84,000 sales. They have been mentioned by the New York Times and have won an “Artys” award for ‘Best Place to Get Framed’ in Salt Lake City.

The online shop opened up in 2009, a year after they opened their physical store in Salt Lake City. …

Utah Business

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