If your business hires entry level employees, this environment may present a great opportunity for your children to learn about the family business from the ground up. Only then, can they appreciate the challenges, breakthroughs and corporate goals and objectives of the business that they, one day, could own and work in. Remember to try […]
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The journey through succession is unique and fraught with bumps. The goal is simple; ensure an orderly transition of your business, governance and wealth to the next generation(s). However, you can expect that due to personalities, communication styles and differing interests, you will encounter some challenges. This is normal. I liken the succession journey to […]
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You may ask yourself, what does an accountant know about branding? and the answer is not much – that is not how my left brain works… As in many areas, I thirst for knowledge and remain a student with a continuing quest for knowledge. The internet, Reddit and yes, books can be great sources of […]
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Have you spoken to your family, including your children, that with wealth comes the obvious: – privilege, – opportunities and – choices. More importantly, with wealth comes responsibility. Many families of wealth tend to shield their children from both the burden of that wealth, though letting them enjoy the benefits that wealth can bring with […]
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A pet peeve of mine is where the owners of a business either are not interested or have not yet taken the time to learn more about the financial aspects of the business. In these circumstances, the financial literacy for such family members can and should be improved. Many family owners are happy to cash […]
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