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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

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Children working in the business? – my weekly perspective

If your business hires entry level employees, this environment may present a great opportunity for your children to learn about the family business from the ground up.  Only then, can they appreciate the challenges, breakthroughs and corporate goals and objectives … Continue reading

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Succession – Back to communication, my weekly perspective

I am currently working with a family on a succession plan.  One ingredient was missing in our plan, which, after much investigation turned out to be open communication. We have gotten through the technical aspects related to the succession plan. … Continue reading

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Building a brand – successful succession, my weekly perspective

Have you heard of UFC?  Unless you live under a rock, you have to have heard of one of the fastest growing professional sports franchises in North Amercia.  10 years ago, had you ever heard of UFC?   Through clever … Continue reading

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Pre-nuptial agreements, necessary? – my weekly perspective

We have all heard of pre-nuptials in high profile Hollywood marriages and more often once a star’s divorce happens.  A pre-nuptial agreement also can be necessary in a family business, where the family wants to ensure that the business stays … Continue reading

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What is a family business? – my weekly perspective

A family business is any for profit enterprise with a purpose for family employment and to make a profit.  The size of a family business can range from the corner grocery store to a major enterprise, employing thousands.  The Kohler … Continue reading