Are you the leader of your family enterprise and are your financial and investment holdings complex? What happens if you die? Your family will first grieve your loss and then have to slug through paperwork and agreements and figure out how to organize your family’s assets and investments. Can you do something now to make […]
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Is it a guy thing not to a) ask for directions nor b) read instructions? For your family’s enterprise succession plan, you really should not try to find your own way through the process… at least at the planning stage. Why? – Getting started: Many have gone before you and faced the same succession challenges, […]
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My weekly perspective… This is often a question that business owners sometimes overlook. A shareholders’ agreement is a necessary tool for all companies, in my honest opinion. Why?
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One hazard that you have to consider while planning and then implementing your succession plan is the potential of taking your eye off of the ball. In the sports context, this will mean you can miss the pitch, leave your putt short, hit your down the line shot wide because you are more focused on […]
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What benefit can you gain from having a facilitator lead family meetings? – more productive time spent – constructive conversations – focus – avoid personality issues/conflict Families will often try to run family meetings themselves. This does not always work out. What often happens is that the family discussion falls into business operational rather than […]
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