Added by Art Stewart, MPM on October 26, 2011 at 8:59am — No Comments
Last year while reading the Orlando Business Journal I came across a one liner that read, “the sign of a good leader is when the business runs as smoothly when the leader is in the business as when he or she is out of the business.” As a succession planning professional dedicated to impacting lives and perpetuating family business legacies, this quote resonated with me. While it occurred to me that the title of this article sounds like a quote from Johnny Cochran, the hub and spoke approach…Continue
Added by David Ciambella on October 25, 2011 at 10:00am — No Comments
What does “Made in the USA” mean in this day and age of a global economy, and does it really matter anymore?
I begin with the case of a US family owned business that distributes home heating oil. I am not specifying any one particular business; there are many of these types of family-owned businesses in many industries and likely several in your region. Perhaps their oil may be refined in the USA, but then is the refinery American owned (read: BP)? So then is the source of the crude…Continue
Added by Dann Van Der Vliet on October 25, 2011 at 9:09am — No Comments
Jerrel Jones and Jessica Geiben Lynn of the CFAR let an interactive workshop intended for participants to brainstorm what the world will like for Family Businesses and their advisors in 15 years. The vehicle for this brainstorming session was a very interesting and effective tool, called 'History of the Future'.
History of the Future is an exercise where participants are encouraged to imagine themselves in great detail at a future time. From this future perspective,…Continue
Added by Doug Baumoel on October 13, 2011 at 11:47pm — No Comments
Live Blogging from FFI
Session: TrustedFamily: An Interactive Case Study on NeXt Generation Entrepreneurship Within the Family Ecosystem.
Presenters: Edouard Thijssen (Trusted Family) and Larry Hause (Hause Family Business Transitions)
Many have argued that social media is a fad. But with more users than the 4th largest country in the world, and more than 200,000,000 posts, it’s safe to say it’s anything but a fad. Whether we dinosaurs like it…Continue
Added by Judi Cunningham on October 13, 2011 at 6:30pm — No Comments
Live Blogging from FFI
NeXt Generation – New Times – New Risks
Patricia Annino, Esq., Price Lobel, Glovsky & Tye LLP
Gretchen Davidson, Family Navigation Strategies LLC
Daisy Medici, GenSpring Family Offices
The goal of this session was to educate participants about the new risks facing next generation leaders and to explore risk…Continue
Do you really have a family business? Spot the differences!
Noting the differences between "a family business" and "a profitable hobby that happens to
be a business" is a bit like the "Spot the differences game." At first glance both pictures
appear to be identical- a business owned by a family and run by a family member- but a
closer inspection reveals that both pictures are actually quite different. Do you want to play?
Added by Carmen Lence on October 12, 2011 at 4:44am — No Comments
The University of Nebraska is quickly becoming a source for many regarding the intricacies of transitioning family-owned businesses.
Here is the…Continue
Added by Dave Specht on October 10, 2011 at 2:56pm — No Comments
Check it out.…Continue
Added by Dave Specht on October 10, 2011 at 2:51pm — No Comments
Today I took my 3-year-old to a workshop that teaches young kids how to stay safe and defend themselves during potentially dangerous situations. One of the techniques they taught the children is called “The Trashcan”. You use The Trashcan when you are verbally abused and it basically involves catching those abusive words with your hand and, as they are garbage, throwing them away in the trashcan. After that you address the person who was abusive to you with a positive sentence that asserts…Continue
Added by Carmen Lence on October 6, 2011 at 2:52am — No Comments