Musings

In over 45 years of assisting family-owned businesses in passing the business from one generation to the next, the statistical data has not changed much. Only 30 percent survive when passing from the first generation to the second and only 12 percent survive to the...

One of the least recognized difficulties in planning for succession in the family- owned business is how to finance it, i.e., what are the capital requirements to have a succession be successful. Since many businesses don’t have a succession plan anyway, they are at...

The holidays are a time for families to celebrate the spirit of giving. It is a time to reflect upon the many blessings we enjoy in this special season and to look back at our accomplishments over the past year. It is also a time of looking...

During this time of the year, especially in the family business, our thoughts are not only focused on our businesses but also our families and what they mean to us. It is a time of turkey and dressing, a time of pumpkin pie and whipped...

History is replete with family owned businesses that have endured intense family conflicts, which have resulted in the sale of companies at undervalued prices or liquidations and the creation of permanent rifts in families. Such conflicts...

In over 40 years of assisting family owned businesses in passing the business from one generation to the next, the statistical data has not changed much. Only 30 percent survive when passing from the first generation to the second and only...

For many family business owners the answer is “What do we need an Org Chart for? Everyone here knows who does what. That is just for big corporations like IBM. Besides, we don’t have time for that sort of thing…it’s a wasted effort” In our...

"Nothing is more important than reconnecting with your bliss. Nothing is as rich. Nothing is more real." — Deepak Chopra: is an authority in the field of mind-body healing