Succession is all about passing on all of your harvest resulting from your hard work to the next generation or to your chosen heirs, whether or not they plan to continue on the business as its future leader. Some questions you may ask yourself: – Will your children be interested in the business and the […]
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Do you hold digital assets? Time to get organized as these can be lost in cyberspace. A @NYTIMES article here, Cryptocurrencies lost article. Also, hiding cash under the mattress may also not be the safest way to keep your wealth safe, https://www.nytimes.com/2024/06/08/business/cash-at-home-retirement.html The value being accumulated in these cyberassets has been increasing and becoming more complicated. […]
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A few questions to pose for the family enterprise. These questions arise whether in good or challenging times, and often are exacerbated in the more difficult times: – is there room for feelings in the family business? – why does conflict arise? Generally, there are a number of sensitive areas that have to be considered […]
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The succession of a business requires an abundance of conversations to work successfully. Many families with whom I consult often are waiting for an epiphany (or worse a serious health or other issue arises) to begin the conversation. Your takeaway today, start the conversation with your family. The challenge is what can we speak about […]
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Having a family vacation is a rare opportunity and luxury with our full lives. Where we go or what we do does not matter as much. What matters are the benefits of a vacation, which include: – 24/7 quality time together – time for reflection away from the workplace – shared experiences, including meals, sitting […]
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