Don’t forget management Succession – my weekly perspective

Succession. Two components are critical to the longevity of a business. 1. Succession of the business from one generation to the next, and 2. Succession of the key management. Many progressive businesses are (thankfully) proactively working on family ownership succession. … Continue reading

What do I have? – my weekly perspective

As we enter fall, the change of the seasons signals a time for reflection, and organization. Lately, I have had the opportunity to work with families, where the matriarch or patriarch passed unexpectedly. The heirs were caught by surprise and … Continue reading

Rip off the band aid – my weekly perspective

Many times, I have seen family disputes arise, over money. Often at the peril of family unity. Why does this happen? Hurt feelings, love being equated to money, power and most commonly some prior and as yet unresolved family dispute. … Continue reading

http://successiontoday.com/wp-content/uploads/2011/03/heart.jpg

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

Your key business attributes – my weekly perspective

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

http://successiontoday.com/wp-content/uploads/2011/05/minority-interest.jpg

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