Meet John “Bucky” Murphy, husband, father, grandfather and owner of Murphy and Nolan. Bucky is one of the founding members of the New York Family Business Center.
Murphy and Nolan is a metal service center specializing in bar and tubular products. Since 1953 they have been proudly serving Upstate NY and Northern PA , with regular service to: Binghamton, Buffalo, Elmira, Erie, Geneva, Hornell, Ithaca, Jamestown, Utica, Sayre, Syracuse and many more cities.
Like many family business owners Bucky has worked hard to maintain the balance between work and family. “I’ve been married to my very patient wife for 43 years and we are blessed with three wonderful children, three wonderful in-law spouses, and six grandchildren. Recently, my biggest challenge/success has been transitioning my own life! I’ve always worked hard, played hard, and we’ve tried to prepare for a fun-filled and active later life. Starting about five years ago, I started talking with my wife about career challenges and how we wanted to spend our next phase of life. Shortly thereafter, I announced to my brother and our two sons that I was going to begin a gradual “step down” of my working career and “step up” of a new life of volunteerism, travel, sports, and who knows what. It has worked out pretty well for all involved, especially me. My wife and I are spending more time together, travelling more, generally enjoying life together more and doing different things than our hectic life before allowed us to do. I would definitely say that because my wife, my brother, and our children have been supportive of this transformation, I’ve been able to transition away from a full work-life to a more gradual work environment and more time to do other things.”
We asked Bucky to share his experience with the New York Family Business Center
If you were telling somebody about the NYFBC, how would you describe it? The Family Business Center has been a wonderful experience for me. It has allowed for a peer mentoring experience that is invaluable. To be able to talk about and hear about other business people who are in various stages of doing what I am experiencing is fantastic. The advice from our sponsors and the discussions amongst our fellow members about their work/life experiences has been extremely helpful to me in figuring out what I want to do and various suggestions about how to go at the task.
How long have you been a member and how did you hear about the NYFBC?
It was in November of 2009 that Murphy and Nolan, Inc. became a member of the New York Family Business Center. I first became aware of the newly formed group from our accountant, Bob Cherry, of Dermody, Burke, and Brown. He and several other professionals were trying to put together a group of family-owned business to share experiences, mentor each other, learn from each other, and solve some of our common problems of succession, legal issues, family discussions about unique aspects of family business and the part that each family member played in the special dynamic. All good areas that would offer to continue and expand everyone’s special family – owned enterprise.
What advice do you have for a business considering joining the NYFBC?
Go for it !!! The experience of meeting family owned business owners with three to thousands of employees and being able to freely discuss with them is invaluable!! Each owner brings valuable insights to the group and leaves with even more valuable insights. This could never be received in such a short period of time for such little financial cost from such a wide range of peers as by joining and actively participating in the NYFBC.
What is your favorite program/opportunity for involvement?
I personally think the monthly peer group sessions are the most valuable. They allow a group of owners with similar problems, issues, opportunities, to openly discuss with others in the group what is the best approach, hear what has/hasn’t worked in other business, and get some good basics to proceed down your own path to your solution. My sons have also participated in various programs for their level as the next generation and the numerous issues, problems, opportunities that their level in the ever-evolving family business. Overall, a great organization and I continue to get far more out of the opportunity than I contribute.