Last June, my wife and I went to Omaha to celebrate my daughter’s birthday with her and her family.  My grandson, Tyler, was watching out the front window as his grandma pulled into the driveway.  At the time, Tyler was nearly 21 months old.  What happened next is a story that Tyler still retells to … Read more

Guest Post:  Kavin Matthews is a financial writer from Carson City, Nevada, who has expertise in dealing with financial issues. He loves to contribute financial write ups to websites and blogs so that he can help people who are struggling with financial worries. Starting a small business is a difficult task particularly if you find … Read more

When family business leaders think about a successor to their position, they often think first of the next generation of family members.  This is certainly understandable, since it represents one of the primary reasons for owning a family business.  However, this line of reasoning is not always in the best interest of the business.  There … Read more

Succession planning is a process, not an event.  It doesn’t matter if your chosen exit strategy is a transfer within the family or an outright sale.  The process takes time, effort and planning to ensure an orderly transition of the business.  Unfortunately, appropriate succession planning is not something that most companies do well and may … Read more

  When a qualified son or daughter decides not to join the family business it can cause confusion, resentment and emotional distress for the entire family.  So why would an individual turn down what others perceive to be the “perfect job?”    The long shadow.  It is sometimes difficult for even the most qualified family successor … Read more