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Transitional Timing for a Generational Change in Ownership Can Be Key

03/29/2018

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 […]

Filed Under: Articles, Blog Tagged With: compensation, Corp! Magazine, exit, retirement, succession

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Proper planning is more than asset allocation

08/11/2016

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 […]

Filed Under: Articles, Blog Tagged With: advisory board, mentoring, succession

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Michigan’s Economic Bright Spots Conference

06/16/2016

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 […]

Filed Under: Articles Tagged With: event, succession

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How to Measure Your Family Business

04/17/2015

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, […]

Filed Under: Articles, Blog Tagged With: Corp! Magazine, succession

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Succession from the Successor’s Perspective

12/19/2014

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.

Filed Under: Articles Tagged With: Corp! Magazine, succession

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Latest Posts

  • If you can’t find equal in estate planning, shoot for fair
  • What should you do when the CEO ‘stays too long’?
  • When the pot is still simmering, family business problems won’t be resolved
  • ‘How to decide’ could be the most important decision a family business has to make
  • Transitional Timing for a Generational Change in Ownership Can Be Key

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  • Never too late to re-ratchet good family business practices
  • Proper planning is more than asset allocation
  • Choose and Use Your Advisors Wisely
  • Michigan’s Economic Bright Spots Conference
  • ‘Business is Business’ and Family Dynamics
  • How You Address Conflict is Key to Resolution
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