“If a man is proud of his wealth, he should not be praised until we know how he employs it.” – Socrates I have seen this same story replayed too many times. A family sells its business and is left with two burdens, a lot of money and a sizeable tax bill. The lead up […]
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Do you have any idea of how much of your family’s worth is invested in your family business? What about other assets which have a meaningful value? Here in Vancouver (Canada), I have seen the net worth of families grow exponentially because of our long and significant increase in real estate values. This increase has […]
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Sayings, all well put from David and Goliath by Malcolm Gladwell, said in three different languages: – from shirtsleeves to shirtsleeves in 3 generations – Dalle stelle alle stalle (from stars to stables) – Quien n lo tiene, lo ance; y quien lo tiene, lo deshance(he who doesn’t have it, does it, and he has […]
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As serious and challenging your path through succession can be, you should take time to: 1. Enjoy the journey 2. Celebrate your achievements 3. Take baby steps The journey through succession in my view is equally as important as the end goal to transition the business between generations. Throughout this quest you can enjoy the […]
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CREATING A COMPREHENSIVE EMERGENCY BUSINESS PLAN In the unpredictable world of family business,...
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