Sharing the story – how to start a conversation – my weekly perspective

The succession of a business requires an abundance of conversations to work successfully. Many families with whom I consult often are waiting for an epiphany (or worse a serious health or other issue arises) to begin the conversation. Your takeaway … Continue reading

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A surprising 2nd generation enters the family business… – my weekly perspective

It sometimes takes a fresh take on an old idea and a “new set of legs” to rejuvenate a business.  This is a story of one family’s succession that really appears to have worked. See the video link below. http://video.nytimes.com/video/2011/06/07/dining/100000000853608/chinatowns-new-generation.html … Continue reading

Enjoy the journey – my weekly perspective

Succession of a business can take a long time, sometimes 5-20 years. I am in the midst of a succession planning discussions with one family that is now into its 2nd year, having made significant headway on communications and setting … Continue reading

Should owners be entitled to work in the family enterprise? – my weekly blog

Should owners be entitled to work in the family enterprise? I have purposely used the word “entitled”. In my value system, a person just by being born into the right family should not necessarily be entitled to all that they … Continue reading