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Business Exit Checklist

admin June 1, 2011 Exit Planning, Family Business

Business Exit Checklist Is Your Business Prepared for Your Exit? Creating a Business Exit Plan is rarely something that we think about in the day-to-day rush of our businesses. However, someday, the day will come when someone else will take the reins. Below, we have a few questions you should ask yourself if you haven’t [&hellip

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Business Dynasties Need to Plan for the Delicate Task of Succession

This article appeared today in the New York Times. While Asia may be behind the US in Succession Planning, I find Canada has public support for the family business and a more effective inheritance planning scheme. My recent work in Ghana bears out much of the gist of this article. Plan early and plan constantly [&hellip

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Running Effective Meetings

admin February 2, 2011 Family Business

Meetings can be tremendous time wasters. If not properly structured, not only do they consume valuable time, but if nothing comes of them; so much the worse. Managing agendas, decision-making and follow through is an important element of establishing good communication in the family business. Learn more by reading this newsletter from Foresight Advisors, our [&hellip

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5 Steps to Exit Your Business

admin January 25, 2011 Contingency Planning, Estate Planning, Exit Planning, Succession Planning, Transition Planning

At some point in our business lives entrepreneurs have to think about leaving the business they have built over the years. The driving force may be a desire to cash out because the market it right, you want to retire or a successor is ready to take over. The key to a successful exit is [&hellip

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Bigelow Tea Case Study

admin December 2, 2010 Succession Planning

This article in Inc. Magazine has an excellent Succession Planning case study. http://www.inc.com/guides/2010/05/teaching-kids-to-take-over-family-business_pagen_2.html

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Entrepreneur Profile: Edward Rosenfeld

admin November 30, 2010 Contingency Planning, Estate Planning, Exit Planning, Family Business, Family Business Dynamics, Succession Planning, Transition Planning

Entrepreneur Profile: IFR Furniture Rentals by Dan Lee on November 30, 2010 Thanks to Dan of Axial Markets for posting this profile on his blog. It goes to the heart of my concern for the successful transition planning for the family business. https://www.axialmarket.com/blog/2010/11/entrepreneur-profile-ifr-furniture-rentals

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Best and Worst Family Business Practices, Book Review

admin November 23, 2010 Succession Planning

It is a great summary of Family Business best and worst practices written from a very experienced and savvy attorney’s perspective.

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Working with Enterprise Families: Different Approaches and The Ackerman Relational Mode

admin November 10, 2010 Family Business Dynamics

I plan to attend this workshop on February 16th sponsored by the MidAtlantic Chapter of the Family Firm Institute: http://www.cvent.com/EVENTS/Info/Summary.aspx?i=884a7c3e-5dc3-45fb-b1dc-4e81b77e77d4 Here is the material being covered: Given the influence of the family dynamics on family enterprises, it is important as professionals to understand what helps create effective and positive change in families. The field of [&hellip

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