It is mind-blowing to think of what has happened in our world in the last few weeks. Never in a million years would I guess that we would be right here right now. We all are trying to adjust to this new normal. One of the best things you can do for your family right…
Navigating the family business into the next generation takes planning. Unfortunately, only 30% of all family-owned businesses survive into the second generation. It is important to have a succession plan in place to ensure the business thrives in the second generation. This plan should include taking into consideration each of the following: 1. Alignment of…
As a business owner, how much planning goes into taking a week vacation? Leaving your business, even for a short period of time, takes planning. Unfortunately, many business owners plan for their vacations, but not for the future of their business. Business succession involves creating a plan for who will take over your business in…
