You probably understand the importance of identifying, training and preparing the next generation to run the business. But what if a successor isn’t an option? What if it makes more sense to sell the business?
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In recent decades, the world has undergone a seismic shift, especially in technology. Imagine smartphones more powerful than NASA’s computers during the moon landing, or 3-D printing that echoes Star…
In the intricate ballet of family-run businesses, the dance of succession is one filled with complex emotions and high stakes. These businesses stand apart, as they must harmonize the delicate…
A founder’s vision of family business succession often goes something like this: install the first-born son down the hall with a title such as senior vice president and have him…
Few can claim the surprise of declining a $975 million check. That's what Sue Ann Arnall did in January of 2015. During a turbulent and highly broadcasted divorce involving family...
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In the evolving landscape of today’s business world, family enterprises face distinct and ever-changing challenges. The complex dynamics of these businesses often blur the lines between personal and professional stresses….
Navigating the intricacies of a family business is akin to steering a ship through unpredictable waters. While we often associate transitions with major life events like graduations, marriages, and career...
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2020 found families and businesses under pressure, stress and in the middle of the COVID crisis. For many family businesses this called attention to the structural damage or holes that were hidden inside the organization, leadership or family.
Jared Kushner’s path to the White House has been cleared by a Justice Department opinion allowing him to work alongside father-in-law President Donald Trump without violating federal anti-nepotism laws. While…
Financial capital is essential for starting and maintaining a family business. But to keep it going over the long haul, the vital ingredient is intellectual capital. A family business leader…