SUCCESSION PLANNING AND THE NEW YEAR
Reflecting upon the events of 2019, I feel one of the most troubling was an event that occurred as a large project was coming to an end. As the project…
Read more »WHEN TO ADD FINANCIAL EXPERTISE IN A GROWING BUSINESS?
Of the many decisions a business leader faces with a growing enterprise, decisions about when (and at what level) to add financial expertise can be one of the most obscure. …
Read more »SUDDEN WEALTH
I just got off the phone with an old friend – a musician – who called in a panic. He was beside himself and for a moment I thought maybe…
Read more »LEADERSHIP
As we come to the end of another hectic year I want to pause and reflect on a conversation I have regularly with clients that has little to do with…
Read more »THE FAMILY BANK
Three years ago I helped a business owner rescue his succession plan from imminent failure. We restructured the plan to both enable him to withdraw from the business (with enough…
Read more »CYBERSECURITY IN A CHANGING WORLD
The Wall Street Journal Pro Report of December 19, 2017 was devoted to the issue of Cybersecurity. The chilling reality is that national governments, state and local governments, businesses and…
Read more »SMALL BUSINESS AND GROWTH PLATEAUS
As a small business grows, some changes made necessary by growth are obvious while more subtle but, no less important ones often go unattended. Take for example the need for…
Read more »THE VALUE SURPRISE IN SELLING YOUR BUSINESS
In this post I describe a frequent problem our firm encounters with founder/owners looking to sell their business. Recently a client mentioned that she was thinking of selling her existing…
Read more »SUCCESSION PLANNING RETHOUGHT
Few issues trouble a business owner more than how they are going to exit a business at retirement, to start another business (if they are a serial entrepreneur), or to…
Read more »WHEN FAMILY WEALTH OUTGROWS THE FAMILY BUSINESS
Transitions in a family business are difficult. Deciding how and where to grow, changing roles and responsibilities and balancing emotions and egos are all transitions which are amplified in a…
Read more »