Title: Showing Them the Door: Transition and Exit in a Family BusinessLocation: Family Firm Insitiute New York Study Group Offices of Rothstein Kass New York, NYDescription: Inertia can destroy value in a family owned business. This case study is a progress report on getting 3 cousin branches of a three generation family business to overcome [&hellip
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Family Business Seminar at Blank Rome LLP
FAMILY BUSINESS SEMINAR Blank Rome LLP One Logan Square, Philadelphia PA 19103 Live Live Web Stream Blank Rome LLP The Chrysler Building New York, NY November 1, 2013 10:00 AM – 2:00 PM [Event] Learn what does and does NOT work for family businesses. Topics will include: Best Practices for a Multi-Generational Family Business The [&hellip
Planning for Successful Transitions and Growth: A Symposium for Closely-Held Manufacturers
Title: Planning for Successful Transitions and Growth Location: Blank & Rome LLP The Chrysler Building 405 Lexington Avenue New York, NY Link out: http://www.itac.org/Events/TransitionGrowth/index.html Description: A Symposium for Closely-Held Manufacturers Topics and Workshops: >Maximize the value of your business. >Select and develop the people you need to lead your business >Manage change so conflict is [&hellip
Practical Succession Planning: Transition Planning that Works
Crowdfunding and Raising Captial on the Web: The Impact of the JOBS Act
Title: Crowdfunding and Raising Captial on the Web: The Impact of the JOBS Act Location: 39 Broadway Suite 1110 New York, NY 10006 Link out: Click here Description: Live and as Webinar. To register for Webinar http://crowdfundingwebinar.eventbrite.com/ The JOBS (Jumpstart our Businesses Act) passed in April with bipartisan support. The legislation represents a new paradigm [&hellip
The Secrets of Your Succession
Edward Rosenfeld, a family-business consultant, recommends families answer several questions on succession: Is there an objective process for the younger family member to develop? Is there a measurement for performance and accountability in place? Is there a business plan in place that operates parallel with the succession plan? Succession and business planning need to operate [&hellip
Creating Accountability in the Family Business
Creating and maintaining accountability is one of the biggest challenges faced by family-owned businesses. An owner can be simultaneously the CEO and the father, mother, sibling, spouse, or cousin of an employee. In the absence of awareness and structure, family dynamics can challenge, disrupt, and perhaps overly influence how business gets done. When family issues [&hellip
When Your Parents Pay Your Salary
“Differences are unavoidable between generations,” says family business consultant Ed Rosenfeld. “The senior generation generally has an interest in preserving what they’ve built and an economic incentive to protect their retirement. The younger generation feels pressure to grow the pie in a shorter time frame, or they’re not going to get the lifestyle that they [&hellip
Pitfalls in Hiring and Managing Family Members
The Family-Business Soap Opera Excerpt: Edward Rosenfeld was president of International Furniture Rentals in Hawthorne until it was sold to Warren Buffett’s Berkshire Hathaway. Today, he serves as a consultant to other family owned businesses and has seen plenty of role confusion in them. “If there are other family members in the business, their relationships [&hellip
The Lessons Of Succession Planning For A Family Business, Murdoch Style
The Lessons Of Succession Planning For A Family Business, Murdoch Style Excerpt: “When things like phone hacking and spying are part of the corporate culture it makes you wonder what the family culture is like.” Edward Rosenfeld in Forbes Magazine November 11, 2011 For full article click here or copy and paste into your browser: [&hellip