Family & Business

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

3 Reasons You Should Never Mix Your Personal and Business Finances

It's the same for booze and business: Don't mix your drinks.<p>I opened my first business at the tender age of 22. I still remember the pride I felt when I took my first check for a job completed to my local bank and tried to deposit it in my checking account.<p>I also remember the shock I felt when the …

Small Business

It’s cool to be kind: Family offices and impact investing

<b>The term “impact investing” celebrated its 10th birthday in 2017, a year where it seemed every other investment house launched a new fund offering to</b> …

Investing

Eight Strategies for Conflict Management in Family Meetings

From <i>FFI Practitioner</i><p>Thanks to Marianna Martinez, a member of the FFI IberoAmercian Virtual Study Group, for this article entitled, “<i>Eight Strategies</i> …

Latin America

Lachlan Murdoch Named Head of Family’s Shrinking TV Empire

LOS ANGELES — For a dynastic drama that played out over decades, with sons falling in and out of favor and an aging father unwilling to loosen his grasp, the accession on Wednesday was anticlimactic: Lachlan Murdoch, as expected, was named chief executive and chairman of his family’s shrinking …

Media Industry

'Supernatural' Star Jensen Ackles Opens A New Texas Brewery And Keeps It All In The Family

<i>Supernatural</i> star Jensen Ackles and his family recently opened <b>Family Business Brewing Co.</b><b>,</b> outside of Austin, Texas. The brewery features a constantly changing variety of beers, ales, lagers, session IPAs, and barrel-aged stouts.<p>During breaks from shooting his long-running CW television show in …

Beer

This Is How to Get Started With AI When the Only Thing You Know Is the Acronym

AI integration can't happen overnight, and it won't happen at all unless you initiate the process.<p>7 min read<p>Unless you’ve been living under a rock, you’ve heard the buzz around artificial intelligence. So it might surprise you to learn that, according to a 2017 survey published by McKinsey Global …

Artificial Intelligence

Sibling rivalries: How to manage family dynamics when planning succession

<b>Most business owners will agree that having a succession plan in place is critical, though often challenging, even in the best of times. But Michael</b> …

Small Business

Employment Policies In Family Business

In all social structures, policies provide a process for aligning an organization’s values with its actions. In family enterprises, where there is an …

Family

Are your strategy discussions stuck in an echo chamber?

Building a “market-momentum case”—based on external as well as internal data—can help executives allocate resources more effectively and identify new …

Management

Employees Working On Their Personal Devices? Here's How You Can Protect Your Business Data.

The trend of employees bringing their own devices to work has offered a freedom to workplace design, but at what cost? Here are some tips for security best practices.<p>In a mobile world, the flexibility of working in a multitude of environments--office, home, remote location, and on site--isn't just …

Information Systems

Are Britain’s family businesses at risk?

Britain’s family businesses are leaving themselves at considerable risk of failure by not planning appropriately for the impact of certain critical …

Small Business

The Global Network of Family Owned Businesses

For Business Families in the journey to build their Family’s Legacy<p><b>Our Services</b><p><b>Succession and Transition Planning:</b> Successful family businesses …

Entrepreneurship

FamBizPodcast

The podcast is now live!<p>You can find us on iTunes and on SoundCloud by clicking on the links.<p>Our aim is to provide Family Businesses and their …

US Family Business Survey 2017

Contact us<p><b>Shawn Panson</b> <br>US Private Company Services Leader<br>Tel: +1 (646) 471 6101 <br>Email<p><b>Jonathan Flack</b> <br>US Family Business Services Leader<br>Tel: +1 (615) …

Hong Kong Billionaire Stanley Ho to Step Down From Casino Empire, Aged 96

Stanley Ho became the latest Hong Kong billionaire to step away from the empire he built, passing along the top roles at casino operator SJM Holdings …

5 Essential Tax and Financial Questions to Ask When Selling Your Business

Navigating the tax and financial issues of a business sale can be tough. Here's how to sleep at night.<p>When entrepreneurs sell their businesses, it is a time of mixed emotions. There is often sadness over the sale of the business, but excitement of a new beginning. In addition, there is typically a …

Are We Raising Financially Literate Kids?

Three tools every parent can use to nurture entrepreneurship at home.<p><i>Are entrepreneurs born or made? Entrepreneurs' Organization (EO) interviewed Kristina Scala, founder and president of Aspen Academy, an independent school operating an entrepreneurial institute for students in pre-kindergarten</i> …

Entrepreneurship

Soros family firm plots move into cryptocurrencies

George Soros called cryptocurrencies a bubble in January. Now his $26bn (€21bn) family office is planning to trade digital assets.<p>Adam Fisher, who …

Think twice, wealthy family, before cutting the black sheep out of your will

Estate planning is rarely straightforward, but it can become even more complicated when parents find themselves dealing with a grown child whose behaviour or circumstances pose a risk to the family's wealth.<p>Maybe an adult son or daughter has a history of refusing help for self-destructive …

Hugh Hefner, Role Model? He Was When It Came To Estate Planning

When most people think of Hugh Hefner, they picture the famous Playboy bunny logo, young and buxom blonde women by his side, and his ever-present robe and captain’s hat. But people should also think of his smart business and planning sense. After all, Hefner started a unique business with $8,000 in …

Real Estate

Well-to-do business owners face estate-planning hurdles

If you own a business, chances are that you have neglected your estate planning. Creating a plan that will outlive you can be daunting and complicated.<p>It can be even more complex if the owner decides to keep things in the family: Which offspring should inherit and/or end up running the business …

Protecting Your Estate from a Child's ex-Spouse | Investopedia

You have worked hard and sacrificed to amass your wealth and savings. These assets are your reward. Your savings provide you security and, at your …

Digital assets make estate planning a business necessity

Estate planning for businesses is a given. The need to include digital assets in the estate planning process might not be as obvious, though it is …

Avoiding the Fire Sale of the Family Business at Death

Three strategies are available that involve borrowing to pay the estate taxes owed.

Family Business

Family fight over money in Jonesboro

It's an old story: Ugly family fights over money. Today, the New York Times delves deeply into such a dispute in Jonesboro. <b><br>Bobby McKee,</b> an …

Wreck

Hong Kong's Tycoons Are Passing Massive Wealth to Their Heirs

The retirement of Hong Kong billionaire Li Ka-shing marks another milestone in a vast wealth transfer now underway from a scrappy generation of …

Hong Kong

10 Ways to Recognize Your Leadership Blind Spots Before They Jeopardize Your Business

The blind-spots syndrome will adversely affect you as a leader at any level in an organization. Here are some key ones to avoid<p>We all have blind spots -- things you don't see despite your best intentions to observe the world changing around you. In business, these can quickly take you off the …

How To Value Your Company

As you probably already know, one of the hardest things as an entrepreneur, when raising a round of financing, is figuring out your valuation. It is really an art and pricing the company poorly can have a negative impact towards future rounds of financings.<p>In this regard, the most common ways to …

Venture Capital

9 Business Tips for Sustainable Growth

Businesses are built for more reasons than selling at first opportunity.<p><i>By Krzysztof 'Kris' Garlewicz, President of ProsperiFi.</i><p>Build, sell, repeat. This has seemingly become the dominant strategy recommended for entrepreneurs today. While rapidly launching a business they can sell might work for …