Family & Business

By Michael Hartley CFP® | From transitiondynamicsinc.com: Curated family business and closely held enterprise related articles and blogs.

Estate plans for business owners create peace of mind

A person can execute an estate plan at any time before they die, so long as they have the competency to legally sign documents. For business owners, …

Small Business

Lots of Employees Get Misclassified as Contractors. Here’s Why It Matters

The recent history of Uber reads like a Shakespearean tragedy, and there are plenty of opinions about where the company went wrong and what it needs to do going forward. But unlike many others, I’m not here to praise or bury Uber. Instead, I’m here to reflect on a deeper issue that much of its …

21st Century

Kids Who Stick to This Activity for 2 Years Have Higher Self-Esteem, According to Science

Get your kids started with this today. They will thank you later.<p>Parents want what's best for their kids. And most do whatever they can to help their children thrive as adults by preparing them while they are young.<p>The good news is that you don't have to wrack your brain or spend years going …

Parenting

What You Need to do to Secure a Business Loan

Securing a business loan is difficult, and the process can be wrought with disappointment.<p>If you're a business owner, it's likely you'll need financing at some point. Perhaps you need cash to get your business off the ground, or maybe you have plans to expand and need to hire new staff or add new …

My kid’s in debt – should I help?

One of the current personal finance trends I find most interesting is the greater role parents are taking in helping their adult children financially. There’s no doubt that a weak economy is part of this story. As I reported recently, some members of the millennial generation are really struggling …

Mortgages

A leading happiness researcher says we’re giving our kids bad advice about how to succeed in life

Most parents want their kids to be successful in life—and so we teach them attitudes that we believe will help them achieve their goals. But as I learned while researching my book <i>The Happiness Track</i>, many widely-held theories about what it takes to be successful are proving to be …

Happiness

How to add your child to the family business

Doing extensive planning and creating voluntary governance policies can help ease the transition when children are brought in -More-

Family Business

Multi-Generational Family Business: The 4 Stages of Leaving Normal

26 Jun 2017<p>Sticky Post By Cara Parrish Posted in News & Updates Permalink<p>For all intents and purposes, Sam is a smart, upbeat and warm family man in …

Martin Luther King, Jr.

If Your Family Business Is Riding On You, Getting an MBA Can Help You Deliver

If you're already running a business while pursuing an MBA, the classes will be more relevant to you as you can apply what you've learned almost immediately.<p><i>How can an MBA help me in expanding my family business? originally appeared on Quora - the place to gain and share knowledge, empowering</i> …

MBA

5 Ways to Tell if Your Company Will Flourish or Vanish in the Digital Economy

If your company's sole focus is on cost cuts, then it likely has bigger problems.<p>The move from 'brick-and-mortar' to 'click-and-buy' has had a profound impact on retailers around the world. While some have flourished, many retailers have slashed costs and closed stores as shoppers migrated away …

Innovation

The #1 Reason Boomer Owners Are Not Exiting Today

In this post, we discuss Step Three of The BEI Seven Step Exit Planning Process™. (For an overview of the Process, please click here.) Exit Planning is the creation and execution of a strategy that enables owners to exit their businesses on their terms. BEI Seven Step Exit Planning Process relies …

Small Business

How to Raise Kids to Be Entrepreneurs

The media’s fascination with young entrepreneurs gives off the impression that all of America’s businesses are being run by messy-haired …

Heineken’s Charlene de Carvalho: A self-made heiress

You might say that one life ended and another began the day that Charlene de Carvalho buried her father.<p>It was a gray day in Noordwijk, the …

This CEO and her CTO husband have been working together for 30 years — now they're back with a self-funded startup

Back in 1987, Nancy Knowlton and her husband David Martin founded Smart Technologies, a collaboration technology company best known for the Smart Board high-tech classroom whiteboards.<p>The pair stayed with with the company until 2012, two years after a disappointing and controversial IPO that saw …

Startups

Silver Spoons: The Entitled Family

Opinion<p>It's All Relative<p>Accountability expectations must exist among multiple generations in a business.<p>Tom Hubler<p>I’ll bet you meet a lot of family …

Nordstrom family explores taking retailer private, shares surge

(Reuters) - Department store operator Nordstrom Inc (JWN.N) said on Thursday that some members of the Nordstrom family were considering taking the company private as it struggles with an industry-wide sales slowdown.<p>Going private, which would involve raising debt, would be a risky but potentially …

U.S. Securities and Exchange Commission

A Family Business That is Much More About Family Than Business

If yours is a family business, of course you want the business to succeed... but primarily so the people you care about be successful -- and happy -- as well.<p>See if this story sounds familiar.<p>You find something you love. Before you know it, it's in your blood. What you love isn't just what you <i>do</i> -- …

Family Business

How to Protect Your Business in Divorce

Without a premarital agreement, your business could be at stake in a divorce. Here's how to minimize that risk.<p><i>Rosanne DeTorres, Esq., is an author and managing partner of DeTorres & DeGeorge, a N.J.-based family law firm. As a divorce attorney with 29 years of experience, we asked Rosanne to share</i> …

Succession Planning Needs To Be Your No. 1 Priority

Succession planning has always been defined as the number one responsibility of board members followed closely by strategic plan development. KPMG conducted a global survey of 2,300 directors that showed that only 14% of directors had a detailed board succession plan , with no dramatic differences …

Succession Planning

10 Ways to Give Your Child a Head Start in Life

It takes a village to raise an intelligent child.<p>There's a saying that children are the future. If you're a parent, or are considering becoming a parent sometime in the future, you should give some thought to how you would raise your offspring to become the most successful that they can.<p>With my …

8 Ways Your Kids are More Likely to Succeed if They Travel

Yes, it can be expensive. But the long-term rewards of seeing the world far outweigh the costs.<p>My family does a lot of traveling together, particularly in cars. There's just something about a road trip--being stuck in tight quarters with the same bunch of humans for days--that's weirdly bonding. …

Pulse Survey: Family Business - TAB Corporate

This is a high-level summary of our key findings from the March 2014 Small Business Pulse Survey. This survey concentrated on topics facing Family …

Want to Raise Successful Kids? Tony Robbins Says Do This One Simple Thing

Drawing on the work of a Stanford psychologist, he says changing the way you talk to them can shape their lives for the better.<p>Parents want their kids to be successful. So when I saw that Tony Robbins was giving child-raising advice, I paid attention.<p>Robbins is one of the most successful …

Success

Family Leadership: Inside The Bertazzoni Kitchen

It’s easy to think of a family business as something small — a mom and pop store on the corner, for example. But the definition and the businesses themselves are considerably bigger than that.<p>The classic definition of a family business is “a commercial organization in which decision-making is …

Italy

What It's Like To Be The Black Sheep Of The Family

, Contributor<p>Jo Scott Cannon knew early on that she was the black sheep of her family, and ironically, it had something to do with her dad’s metaphor about a cow:<p>“I was one of six kids living in rural South Dakota and when we’d all pile into the car, I’d lag behind and my dad would say, ‘You’re the …

South Dakota

What To Know Before Cosigning A Loan

, Contributor<p>Shutterstock<p>If your friends or family members ever ask you to cosign for a loan – any loan – give this decision plenty of thought before you say “yes.” You might even consider just making a gift instead or borrowing the money yourself. Statistically speaking, that’s quite likely what …

Consumer Financial Protection Bureau

5 Keys To Building A Great Company Culture

Money can only go so far in motivating your team long term. If you want your employees to care, you need to show them that you do first.<p>People are driven by rewards and affirmations. As a business owner, you're highly aware of this -- after all, it's why your employees need a paycheck to come to …

Leadership

Nine practices for better capital-investment management

Executives can improve performance by mastering several practices and adopting a capital-portfolio-management system powered by a comprehensive …

A Parent's Quandary: Do I Bankroll My 15 Year Old's Startup Idea?

Unless your child has a natural flair for business, wheeler-dealing and hustling then he/she almost certainly has fallen into the trap of 'if you build it they will come'.<p><i>My 15 year old child wants 50k to start a business. Should I support him? originally appeared on Quora - the place to gain and</i> …

Entrepreneurship