Courtney Crowder, firstname.lastname@example.org:15 p.m. CDT July 17, 2016 As a child, Deborah Anderson desperately wanted siblings. She passed hours praying for brothers and sisters and thinking about what they would look like. Would they have her light features and blond hair? Would they be tall or short? Would any of them have her penchant for mysteries? “I just hated being an only child,” Anderson said. “When I was old enough to understand that some Vietnam
By AMY HAIMERL Natalie Sexton jokes that her earliest memory is being rocked to sleep on the machinery bottling her mother’s line of all-natural juices. She was just an infant when Marygrace Sexton started Natalie’s Orchid Island Juice Company in 1990, naming it after her.
Dave Kerpen Founder & CEO, Likeable Local, NY Times Best-Selling Author & Speaker In case you’ve been living under a rock for the past week (or maybe just enjoying a nice summer vacation), Pokemon Go has taken the country (and the world) by a storm in just a few short days. The augmented reality mobile app and game has launched and grown at phenomenal rates, it’s already on more than twice as many phones as
Steve Parrish As business cycles go, this is a great time to sell a family-owned business to the family. In particular, parents can lend money to their children for the purchase of the business at an incredibly low interest rate without incurring gift tax implications. The purchasing child becomes a successor owner, and a smooth transition occurs while the parent is still alive.
Deborah Rowland APRIL 08, 2016 As a leader, how can you confront the truth about a situation without fearing rejection, or disagree with someone clearly and cleanly without obsessing about causing offense?
Keeping It Professional When You Work in a Family Business Carolyn O’Hara Working in the family business can be fraught. When your manager is also your parent, sibling, or another relative, how do you keep things professional? Do you ask to be treated the same way as others, or accept that you will have a different sort of relationship at the office? Do you publicly call your mother “mom,” or your father “dad”? And what
It’s never easy to look at an important subject like family business succession planning and offer just three big takeaways to help families protect their hard-earned wealth. But after delivering more than 800 speeches in more than 20 countries on the subject, here are my three favorite Golden Rules.
by Art Petty When things break bad (even momentarily) in an organization, a number of predictable reflexes kick-in. Expenses are cut. Operations reviews evolve into extended, public proctology exams with everyone taking a long look searching for answers and blame. Time horizons shrink, the collective field of vision narrows to a pinhole and the lofty, noble ideals of developing leaders and teams that top management so passionately espoused during good times are reduced to echoes from a different era…when
If you’d like to be a multi-generation business, start early and set a clear succession plan. BY ISSIE LAPOWSKY When you’re at your son’s soccer game or helping your daughter with her science homework, it might be difficult to imagine ever turning your company over to one of them someday. Experts say that it’s never too early to introduce your kids to the family business. The fact is, only one-third of family-owned businesses actually survive to the
By: Jennifer Rivett Let’s face it, no one plans on becoming incapacitated — unable to make decisions or act with understanding. However, study upon study suggests that it either is highly likely an individual will become temporarily or permanently incapacitated at some point in their lifetime. Therefore, it is extremely important for you, as a business owner, to have your personal and business affairs in order in the event that you are hit by the