Spending time together outside of the business can help to strengthen the family bonds and improve communications. Why not have shared experiences with your family members in a structured learning environment. The shared experiences will indirectly benefit the business and will directly help to strengthen the family relationship in ways that are not measurable. A […]
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How are the returns on your investments? Much like stocks and bonds, the investment in your business, should also be providing to you a return. How do you measure this? Do you have too much equity/sweat/emotions tied up in your business? Some comments from an article about diversification of risk and investment in a business. […]
Read MoreReflection question for the day: What are your wishes for your family enterprise as to who and how the next generation will lead the family’s enterprise? In years past, primogeniture and ultimogeniture were the common means of ensuring lineage of families and kingdoms. They are better explained here: Premogeniture explained. Simply put, primogeniture is the […]
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A wise person said, “Death and taxes….both a certainty in life.” The purpose of an estate freeze is to 1. establish with certainty the amount of the taxes that would be due on the passing of the owner of a business 2. allow the future growth in the value of the shares of the company […]
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I have previously written about the why of family meetings and how to commence family meetings. From experience, I have found that out of the gate, family meetings will start with a flourish. Family members are engaged and enthusiastic at this early stage. However, without a champion in the family to make the meetings happen, […]
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