Trust and respect – my weekly persective

Trust and respect.  These are earned and not things that are inherited. There are two edges to this sword.  Children should not be entitled to “own” and operate a business, just because they were born to the right family.  The … Continue reading

Ownership – family who are not employees, my weekly perspective

As a family enterprise navigates it’s way through succession, there will be a time when a family owner no longer works for the business. This creates potential issues. The most obvious is the differences of view potentially between salaries to … Continue reading

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Have you thought of these essential documents, best practices…? – my weekly perspective

As we end the year, this is a time for reflection and planning for the coming year. With some of the families with whom I work, often they try to address some of the more complicated aspects of succession (governance, … Continue reading

Does fair mean equal…my weekly perspective

This is the age old issue amongst family members that can tear a family apart.  It can start with Thanksgiving, carving out the perceived “best” pieces of the turkey and giving which child gets the best pieces.  Is the allocation … Continue reading