A key element to a successful business transition between generations is to have conversations and begin to understand what interests and motivates the next generation. Believe it or not, listening and watching the next generation can provide many great insights. I have tried really hard to understand the new generation, with some limited success. Take […]
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A family business faces challenging choices, both moral and financial, when considering whether or not to employ family members. A successful family business can often afford to employ many family members without financial hardship. Does this mean that it should? Hiring productive family members is a good thing in a business from a succession perspective. […]
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Laugh a little more, Cry when you must, Do the things that matter…to you. You cannot take all of this with you. However, you can touch those people that matter to you and leave your imprint on them during your life. Some thoughtful words for this Sunday. Learn, think, apply!
Read MoreI have been reflecting since the beginning of the year on my business. Some brief thoughts you may consider for your family enterprise planning for 2019. 1. Operations and day to day – check 2. Short term profitability and business wins – Check Those two are the relatively easy and operational checklist items. Now what […]
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This may be a controversial blog post. However, something has to be said and we can begin to effect change, one child and one family at a time. This is the amount of intergenerational wealth transfer that is estimated to transfer in North America in the next 30 years. Two concerns about this impending situation […]
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