You may wonder what Christmas has to do with the operation of a business. Depending on the nature of your business, it may be either the busiest time of the […] Read More
Have you ever taken the time to formally identify and/or prioritize your own values? Congratulations to you if you have as most others haven’t. This thought provoking exercise is worthwhile, […] Read More
There is always excitement in a family when a son or daughter comes home and says they have found the love of their life and are getting married. Compound that […] Read More
One of the reasons that family businesses thrive and become successful is that they are able to organize their corporations to allow members of the family to become owners through […] Read More
Transitioning a family business from one generation to another is a difficult undertaking that, at the best of times, creates a degree of uncertainty among the owners of the business, […] Read More
Succession planning in the family business world is a daunting undertaking and, like other difficult initiatives, family business owners often elect to ignore the issue or procrastinate in having the […] Read More
Last month, we discussed the need for every business family to have their Wills, Powers of Attorney and Succession Plans in place. As a follow-up, this column addresses the need […] Read More
Here are two very important questions for all of you. The first important question: “What would your family do tomorrow, if you unexpectedly died tomorrow?” For most business families, there […] Read More
The simple answer to this question is that the operation of a family business is a paradox and every aspect of their business is subject to pressures, loves, opinions, demands […] Read More
What is more challenging: understanding the complexities of your family or managing your own business? Now imagine how those complexities may be magnified if are operating a family business that […] Read More