Many business owners put such extraordinary effort into their business over their lifetime that they want to see it carry on after they’re gone. If you are one of those who want to ensure that your business continues to survive and thrive, a little extra foresight and...
Give Your Family Business 4 Cornerstones That Will See It Endure Through the Generations. If you’ve managed to make your family business work, you know that the relationship dynamics have their upsides and downsides. But do you know what unique pitfalls await you on...
Your business didn’t just fall into your lap, so don’t expect passing it on to a new owner will be any easier. Whether you are looking to retire or want to have a plan in place in the event of your passing, you will need legally-binding documents in place if you wish...
How many countless hours of your life have you devoted to making your business succeed? That time spent balancing your books and juggling tasks–not to mention all that time spent thinking about your business during your “off hours”–demonstrates a heroic...
Small business is what drives our economy; two-thirds of new jobs are created by small businesses, and almost 50% of the US gross domestic product comes from family-owned businesses. Small business is so important that President Obama recently proclaimed this week...
Most family business owners believe their business will survive and support the family for generations to come. However, without very careful planning and forethought, that just isn’t probable. According to the Family Business Institute, only 30% of family...
