“Private business owners must continue to be “educated on the need for succession planning” as well as “the need for a second-generation development plan… … the C-level executives to surround (the successor owner) and lead (the Company) into a stable future. The senior-generation key executives who have left should have groomed their successors. With new [...]
The start of a baseball season begins the annual statistical pandemonium. Now a comprised way to follow the game, movement from the basic: runs, hits, batting average and pitcher winning percentage. New, available information include: on base percentage, hitting percent against lefties or righties, wins for day, night and interleague games. For the pitcher [...]
Bill, age 45, has been shielded for advancement in his Family Owned Business. Longevity of employment and a solid family life added to his maturation.
Bill’s father has studied Bill’s progress in this multi-generation family. Bill’s father has promised to pass on the company ownership to Bill when dad is ready. Perhaps [...]
After thinking about the budget for the State of Illinois, I concluded that this is not all about a balanced FY 2013 budget. It’s “How much deeper can our state deficit get?” The figures are staggering: $9 Billion backlog of unpaid bills; $83 Billion in unfunded pension liabilities. We’re adding in interest payments on [...]
We have come though much in this past year in spite of the continued volatility in both domestic and global economic markets, the growing number of Occupy Wall Street and other civil-discourse movements, etc. We have definitely “come through” – because we have not quit. What’s not always reflected on the various news sites, written [...]
Should all Americans over the age of 70 stop taking Social Security annual increases?
Can this senior generation set the example for the Baby Boom generation?
Shouldn’t legislators’ pensions earned from public service be dissolved?
Would government employees fare much better if they fund their own IRA’s to supplement their retirement years?
The popular perception that small businesses create most of America’s jobs has been the focus of heated debate for three decades. However given that the rise in unemployment has been nearly proportionate to the declines suffered in the small business sector, the “perception” is increasingly proving to be a reality.
The back story is that this [...]
What are the potential pitfalls of passing on the business to a son/daughter?
When is the best time to start thinking about an exit strategy?
My step five of the 7 Steps to Succession Model concerns Sons and Daughters of business owners. I surmised that it was due to an ever-shifting, real-life daily challenge for young adults to fill their father’s shoes and never quite got it right. To make matters worse, their parents continued to place higher and [...]
