MOST RECENT MOST VIEWED

Who Will Take Over the Business? Succession Planning for the Canadian Business Family

With dead-on observations and vital advice, "Who Will Take Over the Business?" is the key to a successful transition to the next generation. Any entrepreneur considering retirement should take its lesson to heart.

From Family Business to Family Office

Simply put, a family office is the structure used to manage the business of a family. It need not be an actual office nor need it consist of full-time help. Think of it as a concept, as a kind of virtual office that organizes you for an intended purpose.

FAMILY BUSINESS LONGEVITY: THE TRUST FACTOR

“Shirtsleeves to shirtsleeves in three generations” is the norm with family businesses. Another way of describing it is the first generation makes it, the second generation preserves it and the third generation spends it. Business owners in their 50s, 60s and older looking to transition their wealth to the next generation often ask themselves if their family will be in the same position. They wonder if there is some way that their family can beat the odds so that subsequent generations in their family do more than just preserve or certainly spend what has been built up.

THE MILLENNIAL GENERATION:  What Does It Mean To Your Business?

I recently attended a session given by a Generation Y expert at a client retreat. The purpose was for the owner, the board and senior managers of the company to learn how better to engage that generation of workers in the business.

The 5 Keys To A Successful Succession Plan

In over 30 years advising families in business, I have seen the good, the bad and the ugly in terms of what the business can do to the family and what the family can do to the business.