A wise family enterprise advisor said, “If you take a resource to the grave, you will dramatically impact your company’s ability to compete.”. This is definitely a no no. A Men’s Health magazine article agrees….Men’s health article What can you … Continue reading
This week is a philosophy corner… Have you ever stopped to think about why you are working so hard, an existential enquiry? I know we all have continuing responsibilities: family, employees, customers, suppliers. All are important and all, hopefully for … Continue reading
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
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
You know how much hard work you had to exert to earn and accumulate your family’s wealth. How much do you “share” with your following generations and do you control how they spend what you do share with them? You … Continue reading
What happens if you can no longer manage your personal and financial matters such as if you become sick? Have you thought of that situation arising? Contrast this with when you die? The clarity of who manages your estate is … Continue reading
