Be thankful. We baby boomers have been fortunate to have lived through decades of the most prosperous time in much of recorded history. We have reaped (earned) much of these benefits. This accumulation has seemed relatively easy though “a rising tide floats all ships”. How will this $400 billion (in Canada + $ 4.1 trillion […]
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Succession. Two components are critical to the longevity of a business. 1. Succession of the business from one generation to the next, and 2. Succession of the key management. Many progressive businesses are (thankfully) proactively working on family ownership succession. This would include engaging the next generation and having lots of conversations. It would also […]
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As we enter fall, the change of the seasons signals a time for reflection, and organization. Lately, I have had the opportunity to work with families, where the matriarch or patriarch passed unexpectedly. The heirs were caught by surprise and had to scramble with significant time (and some expense) to figure out 1) what to […]
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Financial literacy. What is it – raising the level of knowledge about money, wealth and financial matters. The intent is to help those who have or will have money under their responsibility learn about some basic concepts and are able to understand and hopefully manage their finances. Why? – More than $ 30 trillion will […]
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This may sound somewhat “preachey”. However, you must at some point in time, share the intimate secrets of our business with the most important person in your life, your life partner and your spouse. Not all of us are married, not all of us have partners. For those who do, then something can be done […]
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