When Tyson Foods, Smucker's, Heineken........ and other great family businesses needed capital to grow and transition to future generations, they went ﬁrst and foremost to their business friends. When YPO was started, members went to their peers when they needed advice and capital. Growing a family company is hard work and requires capital and advice from like-minded investors who understand what it takes and view themselves as partners to the business owners rather than…Continue
Though I’m not generally one for writing end-of-year-letters or start- of- year letters, this year I’m feeling the urge to weigh in – not with the usual list of places traveled or things accomplished over the year, but with a few thoughts that have come to me along the way.
Thanks in part to my new young partner, Andrea Rubinfeld, who is asking probing, thought-provoking questions, I have been forced to examine more deeply than ever, what I…Continue
Added by Kathy Wiseman on February 25, 2011 at 8:00pm — No Comments
Understanding Your Community Banker
Many stable, profitable family businesses across the Country are mystified and worried about what happened to their long standing relationships with their community bankers. Loans are hard to get; credit lines are shrinking; and perhaps most disturbing, that sense of mutual trust seems to have disappeared.
Does this sound familiar: “What in the world is going on? We’re a long…Continue
Planning in turmoil – both internal and external brings families to their knees. Prayer, perhaps, for harmony and peace as the year gets underway. Buckling under the fiscal policy weight of too much federal gov’t spending and outside pressure like law changes to income, employment, and death taxes.
Questions adding to…Continue
Added by Harry McCabe on February 4, 2011 at 5:30pm — No Comments
Someday, you will be “selling” your business. It may be for cash, or as a gift, but you will “sell” it. Will an insider or outsider buy it? Will we get a premium, full value, or pennies on the dollar? Who will control the process—YOU or…Continue
Added by Richard Snebold on February 2, 2011 at 4:00pm — No Comments
“Don’t Flunk Retirement” by Dennis Kessler, Midwest Family Business Advisers
Caution: Don’t Flunk Retirement - It May Be Hazardous To Your Health
So your client’s wife wants him to retire so they can travel. His kids want him to retire so they can get a chance to run the business “their way”. But he is not ready mentally. What do you do? You tell the client “retire and you can do all the things you always wanted to do” but he replies “I…Continue
Added by Dennis Kessler on February 2, 2011 at 1:00pm — No Comments
Shared Vision: The Critical Success Factor for the Future of a Family Business
As a family business advisor for close to 30 years, I have worked with family businesses of all sizes, shapes and levels of conflict and crises. As I reflect on those families and enterprises that flourish (including those that make the transition from one generation to another with family in tact and prosperity in the business and that face crises and work through them effectively),…Continue
Added by Leslie Dashew on February 2, 2011 at 1:14am — No Comments
There are two elements to family philanthropy – the benefits that accrue to the community from the generosity of wealthy families and the value that accrues to the families themselves.
No one would dispute that our hospitals, galleries, and social service programs could not provide the services that the public demands without significant donations from wealthy individuals and families. However, these organizations are not the only ones that benefit from the donors’…Continue
Added by Marvi Ricker on February 1, 2011 at 3:00pm — No Comments