The ABCs of Business Ownership
Attitude, Behavior, and Capital are key components of family business ownership.
Succession and Estate Planning
Manage Your Succession "Workquake"
December 10, 2023
"We don’t have any hobbies; all we’ve ever done is work!” Many readers have heard that phrase—and might have even said it—on more than one occasion. Here's what it means for your succession plan.
Leaving Your True Legacy
September 10, 2023
Of the many things you intend to give the next generation, perhaps nothing has as much potential permanence as the principles and philosophies you leave behind.
Five Priceless Gifts in the Family Business
May 4, 2023
In family-farm and ranch transitions, valuable gifts are an integral part of estate-planning strategies. But another set of gifts have a high value but a comparatively low cost: gifts rooted in...
Life is in the Transitions
April 10, 2023
Life is full of transitions. Bruce Feiler, in his 2020 book “Life Is in the Transitions,” offers tools for many of the transitions in our lives, and those ideas apply to family business succession.
The Double-Edged Sword of Sacrifice
March 18, 2023
As businesses transition from one generation to the next, the type of sacrificial behavior expected, or offered, might change. It’s important to talk about sacrifice and what it currently means to...
Eight Practical Succession Strategies
January 18, 2023
Here are are eight ideas to bolster your management-succession and estate-planning efforts.
Ensure Continuity in your Family Business
December 18, 2022
The senior generation often receives immense satisfaction in seeing the decades of effort and energy they poured into the business successfully transfer to the next generation of owners. However,...
Success in the Second Half of Life
November 18, 2022
Arthur Brooks’ book, “From Strength to Strength: Finding Success, Happiness, and Deep Purpose in the Second Half of Life,” offers helpful ways to think about your transition from a successful first...
Lead Your Family In Ownership Transition
October 18, 2022
Here are four conversations you need to have with heirs.