Family Business Archives

How Ownership Structure Influences Your Exit

August 3, 2023
/ Business Owners & Executives • Entrepreneurship
/ By Bruce Werner

Tags: Business Management, Business Transition and Exit Planning, Family Business, Selling Your Business,

The way ownership of a business is structured can influence your exit and transition planning. Understand how you should approach exiting in a multi-owner company.

The hands of multiple generations hold a piggy bank, speaking to the importance of family legacy preservation.

6 Ways to Make Your Family Legacy (and Wealth) Bulletproof

Tags: Estate Planning, Family Business, Wealth Management,

Your family legacy depends on managing family wealth and relationships in a way that fulfills a common mission. Six tips on creating your family’s purpose.

illustrating that working with veterans adds strength to the business

Invest New Effort in Your Business: Working with Veterans as Employees and Entrepreneurs

November 11, 2022
/ Uncategorized
/ By Maryan Pelland

Tags: Business Leadership, Business Management, Employment & Labor Dynamics, Family Business,

A Contemplation on Veteran’s Day Almost any business can benefit by choosing veterans as employees or entrepreneurial partners. Forward-thinking business people who have hired veterans can tell you amazing success […]

Family Business Succession Planning: Prepping the Kids to Take Over

September 23, 2022
/ Business Owners & Executives • Uncategorized
/ By Bruce Werner

Tags: Business Planning, Family Business, Family Dynamics,

He wasn’t talking about family business succession, but Leo Tolstoy said, “All happy families are alike; each unhappy family is unhappy in its own way.” That’s known as the Anna […]

How to Assist Board Members with Signs of Dementia

Tags: Business Leadership, Business Management, Business Transition and Exit Planning, Family Business, Retirement,

How do you approach someone in your business who is showing signs of dementia? You want to handle the situation carefully and to the best of your abilities. This article offers some advice so you can avoid making mistakes when faced with a difficult situation.

Advice for Securing Your First Board Seat

January 13, 2022
/ Business Owners & Executives
/ By Bruce Werner

Tags: Advisors, Business Leadership, Business Management, Family Business, Fiduciary Duties & Corporate Governance,

Obtaining a board seat was already difficult but has become more challenging over the years because of how highly competitive it is. Find out what steps you can take to best prepare yourself.