We hope this Q and A Corner is a resource guide for industry questions that come up. Read more to learn how our experienced consultants approach these questions.Read more
Our blog is written by our experts, all former C-suite executives, who assist our clients in working through critical issues like yours.Each month we write about different topics ranging from how to meet your capital needs to maximize growth potential,planning for an ownership transition or building the right infrastructure to support an expanding business.
Q and A Corner: How do I talk to my family about handing over our family business to the next generation? Why do I need a written transition plan? Things are fine.
This is a continuation in our series of Q and A's. Read more to learn how our experienced consultants approach these questions.Read more
How to Be a Family Business Empty Nester, Part 2: Four Steps to Secure Your Family Business Before Retirement
You’re probably familiar with the saying “nothing is constant but change.” It’s an inevitable fact of life and in business.
Transitioning out of your CEO role in your family’s business is both scary and exciting. Leaving your business may be a defining moment; especially since long-standing personal relationships and core family values have helped define your business’s success. A badly handled transition can not only alienate your customers and employees, it can decrease your company’s overall performance and its value in the process.Read more
In working with family businesses, we hear recurring questions that are often hot on the minds of our clients. Read more to learn how our experienced consultants approach these questions.Read more
How to Be a Family Business Empty Nester, Part 1: Affecting a Successful Transition to the Next Generation
Bob, 70-year-old CEO of his family’s successful manufacturing business, is excited about retiring. Dreaming of traveling with his wife and enjoying his new sports car, he’s ready to hand over day-to-day management of the business to another member of the family. But here’s the problem—several family members are jockeying for position to succeed him. Some are adamant that the business stays out of the hands of Bob’s children. How can he keep everyone happy? Can he keep everyone happy? Are his children ready for the responsibility of running the company?Read more
Recent business growth analysis continues to show discrepancies in the equality of funding between men and women-led businesses. It has been widely noted that while women-led business are more likely to exceed expectations across an array of industries, they, on average, have to make do with only half the start-up capital that entrepreneurial men garner in the same fields.Read more