Helpful Information for Family Enterprises

 

Think We are Hard-Wired to Be Successful Investors? Think Again!

Published by Mark Slater on Aug 27, 2019

There are innate natural tendencies that have kept us alive for thousands of years that predispose us to naturally not be wired to be successful investors. These tendencies are in all of us including ... Continue reading

 

Building family bonds through philanthropy

Published by Mark Slater on Jul 29, 2019

Whether it’s the love for giving back; the desire to share their wealth; or some other unique driver which fuels the philanthropic desires of family businesses, philanthropy is perhaps one of the strongest... Continue reading

 

Nurturing the next generation of family business owners

Published by Mark Slater on Jul 09, 2019

Most family business owners aspire to see the business they built flourish under the leadership of the next generation – whether it is one (or more) of their children or some other family member. That’s... Continue reading

 

Avoiding the impasse: Understanding and Resolving Conflict

Published by Mark Slater on Jun 18, 2019

It goes without saying that in any setting where humans interact with each other, there is always the possibility for conflict. Healthy disagreements between two or more parties is normal, but conflict... Continue reading

 

Letting go! Why you should hand over control

Published by Mark Slater on May 24, 2019

I recently read a couple of articles titled: “Your Family Business Won’t Survive If You Don’t Plan for Leadership Transition” and “When Not to Keep It In the Family” that provide insights into how business... Continue reading

 

How To Preserve Unity in Your Family Business – Engage the Spouses!

Published by Mark Slater on Apr 23, 2019

Although spouses may not necessarily be shareholders in the family business, they can play a critical role in its stability and success. You can’t ignore the fact that they are the primary influencers... Continue reading

 

The business owner’s dilemma: Is fair equal or is equal unfair?

Published by Mark Slater on Mar 25, 2019

Brian was devastated when he discovered that his father, Bill had shared the family-owned business equally with his two siblings. “It’s totally unfair,” he exclaimed, adding, “I’ve been working alongside... Continue reading

 

No surprises: Why Your Will Should Not Be Kept A Secret

Published by Mark Slater on Feb 19, 2019

As a family business owner, you most likely have a will which outlines how your business assets will be distributed upon your death. After all, your business assets are probably your family’s most valuable... Continue reading