This article originally published in Corp! Magazine, 3/29/2018 T.S. Eliot was a famed twentieth-century British poet known for insightful quotes. My personal favorite is: “This is the way the world ends, not with a bang, but a whimper.” Everything ends, and perhaps its corollary is that “change is inevitable.” So it goes with family business […]
Here’s the thing… good planning avoids conflict. But, good planning is much more than asset allocation. Advisors implore their clients to plan for the future. They often use disturbing techniques like horror stories of deplorable outcomes due to a lack of planning. Usually the disturbing track is about a loss of money either to the […]
Please join us as we honor this year’s MICHIGAN’S ECONOMIC BRIGHT SPOTS Corp! Magazine is once again looking for Michigan’s Economic Bright Spots. These companies have continued to grow in economic growth, expansion, and are hiring Michigan’s brightest talent. Companies are able to nominate year after year if they have continued to grow. Deadline for […]
Family business research is scarce at best. So when new data comes out, it is always good to see how your family enterprise compares. It’s not that there is a right or wrong, but there is research that suggests “best practices” for family firms. We will look at more on that a bit later. First, […]
Have you ever wondered how succession looks through the eyes of the successor(s)? Plenty has been written about “how to” for the exiting seniors, but little has been said about how this looks and feels from the next generation in a family enterprise. Here are 5 best practices to mitigate conflict and smooth the way for the next generation.