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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

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

Your wealth – your say?? – my weekly perspective

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