What do you do when one of the second generation is not compatible or worse, is in conflict with the rest of their siblings? This can pose a problem when that child is serving in a responsible role within the business or if that child is a shareholder. Let’s discuss each of these scenarios. In […]
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I am often approached to help family enterprises, frequently in times of some crisis. Why? The family is seeking solutions to this crisis hoping it can be solved quickly. I often cannot offer answers and will ask more questions, especially when I do not personally know the family that well Succession takes time and relationships […]
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You create your own circumstance and decisions. The banner is a poster from Robert Herjavec, one of the past shark investors on the TV show the Shark Tank. Succession is a plan that is not forced upon you until you have to act. Therefore, much like I try to do, carpe diem, seize the day […]
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Have we been outsourcing our lives? Many of life’s less interesting tasks, considered menial, are no longer done by ourselves. We hire lawn and garden care specialists, domestic help for cleaning and cooking, mechanics to fix our vehicles. What is left for us to do, push paper, input into a computer? What happened to “chore […]
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What is wealth? This is a definition unique to your family. Many families never start the conversation around wealth with their successors. It is never too late.
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