Family Business Planning

Successful multigenerational businesses create systems to assist them with the process of business planning. Most businesses purposefully separate the business issues from the family systems issues. This section discusses the various options business owners can utilize to help create the best business plan for his or her business. We will discuss systems for successful family business. We will discuss what professionals can help you and when you should engage outside help.

CARVC 2017 Convention

I am happy to announce that I will be speaking at the CARVC 2017 Convention in Myrtle Beach. I will be teaching two seminars and meeting a wonderful group of business owners. Everyone knows that you “should” prepare for transition of the business to the next generation or a new owner. But let’s face it, it’s difficult to prepare personally let alone professionally.

Read More »

Creating and Completing a Business Succession Plan is a Marathon, not a Sprint

If you follow my Facebook page you know, I accomplished a BIG personal goal this spring. I completed the 21-mile race in Big Sur California on April 24, 2016, in five hours and twenty-five minutes. Big Sur was my first 21-mile race. While I like to think of myself as having a pretty healthy lifestyle, I am by no means a marathoner. As I was doing this wonderfully challenging race, I began comparing my training and completion of this race with the struggles, fear, pain, exertion, and joy my clients go through during the creation, implementation, and completion of their business transition plan.

Read More »

When An Outside Board of Advisors Can Benefit Your Family Business

I have been a business owner on and off since I was thirteen years old. It is not polite to ask how old I am. Being a single owner can be very challenging. Who do you discuss, brainstorm, commiserate, plan or argue with? The person in the mirror? How do you hold yourself accountable? Unfortunately, it can’t be done with the face staring back at you in the mirror.

Read More »