Some people just like to venture out and see where their journey may take them. But when it comes to family business succession and your most valuable asset – your family business and life’s work – I would recommend that…
Building A Business Partnership Between Your Children #succession
There will come a time in which the management of the existing family wealth and businesses will transition to the next generation of the family. No matter how well you have documented how this transition is to occur, its success…
The Downside Of Competition Between Family Members #succession
Siblings often build family businesses. These founding partnerships between brothers and sisters are often sound and strong but there usually comes a point where they decide to go their own ways. This separation can seed a very unhealthy rivalry that…
What A Growing Family Business Can Teach Your Children #succession
The challenges encountered in growing a family business can serve as a rich field of experiences that can teach your children much about succeeding in life. Be sure not to overprotect your children and deprive them of this invaluable opportunity.…
Starting Up A Family Business #succession
When you make the decision to form a family business, the initial cornerstone is laid. This foundation will determine how successful the business and family will be, and whether that business will exist beyond its founders. Understand the importance of…
