In most family businesses, succession to the next generation is the goal; however, it can be one of the most difficult challenges facing current ownership and a key reason that so few family businesses make it to the 2nd or 3rd generation.…Continue
Added by Scott Heintzelman on September 29, 2010 at 3:30pm — No Comments
Has your organization reduced its workforce during this recession? Have you asked more of your employees? Are your employees working harder and performing at a higher…Continue
Added by Scott Heintzelman on August 1, 2010 at 8:00pm — No Comments
Added by Scott Heintzelman on July 20, 2010 at 9:29am — No Comments
Mixing family and money is a very hot topic and one that generates strong feelings - and sometimes "fisticuffs." When a business owner is ready to pass on assets to the next generation they often stress the desire to "be fair." But what about the children that are not in the business? Should these children be getting a share of the company that is equal to those siblings that are "working the business?"
The terms "fair" and…Continue
Added by Scott Heintzelman on July 13, 2010 at 7:41am — No Comments