Family Enterprise Series
Success at the highest levels requires change. This series is written to individual family members and other stakeholders engaged in their family business, family office, foundation, or other enterprise. The teachings are there for us all. A life-changing truth – Something we can read fast, and more or less ignore. Or, we can really hear […]
Happiness Is Losing Control
If you are the founder of your family business, I have probably already lost you. (Well, if you’re reading this now, I suppose not.) Losing control? What is this guy talking about? You always thought just the opposite – happiness is called control. How Does It Start? You come by your need for control honestly. […]
Estate Tax Repeal: Who Knows? This is the Real Conversation You Want To Have
Family business owners, other high-net- worth families, and their advisers, have an opportunity for conversation that can change lives. It’s not really about estate taxes. Trump’s plan to eliminate the estate tax is merely a convenient stimulus for the conversation. Will it be repealed? An attorney friend gives that 50/ 50 odds. The way wind […]
Estate Planning for Success
You know just a little about estate planning. It’s not on your list of 10 favorite things. If you love your family, and care about the wealth you’ve created, it is not optional. It’s a process, not an event. There is work to be done, but probably not what you think. Before you get started, […]
Family Business Succession Dr. Leon Danco Style – With A Twist.
To cut to the chase about Dr. Danco, his consulting fee was $20,000 per day! Not a bad wage. He has been widely recognized as the founding father of the field of family business consulting. In the early ‘90s, Arthur Andersen and Dr. Danco created a relationship through which we were to become his successor. […]
Family Business Change From the Inside Out
Change for families in business is not optional. It’s also not easy. Consider the founder’s history and personality. Not exactly the timid type. It brings to mind the infamous World War II general, George Patton. Here he is with the U.S. 7th Army about to go into battle. He turns to an eager young officer […]
Family Business Forward
Your family business is your creation. There is no better way to say it. There may have been others before you. And, there will definitely be others after you. You can’t run your company forever. Someone must pick up the baton and move it forward. Choices You do have choices. After all, it’s your company. […]