When it comes to family business management succession planning, and farm succession planning for that matter, there are lots of “keys” – virtually all of then claim to be the most important one. The truth is that there really is only one most important key to succession planning and it is not what you are [...]
Decades of statistics illustrate that most successful businesses ultimately fail.
In fact only 35% of successful family businesses (and virtually all small businesses are family owned) survive through the second generation, and of those only 20% survive through the third.
The reasons are typically straightforward and the excuses have been the same, from my personal experience, for [...]
Which is better, term or whole life seems to be the question on both business owners and individuals lips. It is also the subject of numerous financial talk show experts and un-countable numbers of books and articles. Alas, it is the wrong question.
The right question is “which business insurance should I trust to help me [...]
Management succession planning is more important today than ever before. Global competition is fierce and succession planning mistakes a successful business could absorb only a few years ago can absorb the business completely – hardly leaving a wet spot.
Not only is competition an issue of great contention – the business landscape in general has changed [...]
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