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Watch your pennies, the dollars will take care of themselves – my weekly perspective

Remember a past blog entry, where I urged you to lead by example. One key value, for me being part of an immigrant family, is watching your pennies.  To us it really matters how much a pound of bananas cost. … Continue reading

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Succession some statistics – my weekly perspective

Demographic trends in North America indicate an inversion of the age pyramid with individuals 65 years and over constituting the fastest growing sector of the population (e.g., Lansberg, Perrow,and Rogolsky, 1988). With this greying of the population, the number of … Continue reading

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Family and starting the succession discussion – your spouse, my weekly perspective

This may sound somewhat “preachey”. However, you must at some point in time, share the intimate secrets of our business with the most important person in your life, your life partner and your spouse.  Not all of us are married, … Continue reading

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How much to “sell” of the business? – my weekly perspective

A question faced by many business owners, once the owner has decided to begin succession and possibly sell all or a part of a business, is how much to sell of the business? This is not a question to be … Continue reading

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

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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