Family meetings, why? Leading practice for family enterprises is to hold meetings with the family owner members on a regular basis. The foundation of a family is its shared values and history. The family meetings can be a forum to enable the family to define and communicate its shared values and provides a forum to […]
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Making decisions in a company in which the entrepreneurial spirit is embraced usually is straightforward. The company’s leader will decide a strategy/direction and move the company towards the goals set. This decision making becomes more challenging and complex as the company grows or begins to involve other family members. Why? Family dynamics and communication styles […]
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In line up at the bank today, I was thinking about personal relationships. I did not have a personal banker at this branch so had to wait in line up for 20 minutes for my simple banking transaction. For me a long wait. Does anyone go in person to a bank today? Many have on-line […]
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The People Around You Matter, a quote from Steve Case (past AOL founder) I could not say this any better. “No matter what you do in life, your ability to succeed will be largely dependent on your ability to work with people. Indeed, it has often been said that what you do is less important […]
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We will take a small detour today from comments directly around succession. I counsel all that I speak with, who are contemplating retirement and ultimately the passing of their business, their assets, their life insurance and their liabilities. Most of our lives are complicated, so much so that often, you are the only one that […]
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