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Why Won’t My Parents Retire and Let Me Run the Family Business?

If you have spent your career preparing to take over the family business, it can be frustrating to wait for the senior generation to decide that they are ready to retire.

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Exit Planning Series – Are you Ready to Make an Ownership Transition?

A transition of company ownership, whether internal or external, is a complex process. Before attempting to sell a business, owners should make sure they are ready. This means determining their desired outcome, developing transition thinking, understanding options, and assembling a solid advisory team.

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Schupan & Sons: A West-Michigan Story of Family Business Resilience

COVID-19 has hit us all hard, individuals and organizations alike. Family businesses have survived more than one crisis over the years, they are resilient.

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Three Paths to Growth: Which One Fits Your Company?

Read about the three paths to company growth by Wade Wyant of Red Wagon Advisors. Which path are you on: organic growth, execution plus acquisition, or the unicorn.

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How Servant Leadership Can Ensure the Long-Term Success of the Family-Owned Business

Servant leadership, a philosophy in which the main goal of the leader is to serve, differs drastically from the traditional leadership model where the leader's main focus is the thriving of their company or organization.

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Anatomy of a Deal: Mergers & Acquisitions

U.S. market valuations for middle-market companies are at an all-time high according to GF Data, but the cycle may be at a peak. For business owners considering a sale of their company or a similar transition in ownership, it is a good time to learn about and evaluate options.

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Eight Takeaways from Tax Season for Family Business Owners

The largest tax reform in 30 years means CPAs have to relearn the rules. It’s taking longer to digest the rules and translate them as it applies individually to you and your company.

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Life Coach vs. Therapist: Which is right for you?

When feeling overwhelmed, outside help can be a valuable resource. This article can help understand which path is right for your specific needs.

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Building a Culture by Design™

To build a thriving culture, your family business needs to start with the foundation of a strong mission statement. One that is both meaningful and followed.

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Family Businesses are Different

If you own a business with another family member, you know that family businesses are different than other companies. A lot can be said about how, but I'd like to point out one area you may not be aware of.

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Finding Top Talent – When It’s Time to Get Some Help

The struggle to find talent is real. The acute shortage of professional talent is staggering! It might just be time to seek help.

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Succession can be Non-Family Too

Many family businesses believe that succession only involves developing leadership within the next generation. Often this is true. But with the advent of millennials seeking careers outside the family business, many companies are looking for other succession options.

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Family Succession: How to Achieve Equity

Family businesses need to pass along ownership to certain members of the next generation who are most capable of continuing the business. Second, they should also strive to equally divide "all" assets so family members who don't receive business ownership will still feel they are treated fairly.

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Family Succession: The Importance of Equality

In the succession of a family business, two principles are critical, but almost always in conflict.

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Four Steps to Increase Separation Between Work and Family

There are steps family members and coworkers can take in order to create a more advantageous and harmonious work environment.

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Using Outside Directors in Your Family Business

The presence of outside directors in a family-held business adds value and perspective for management.

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3 Ways Your NextGen Can Increase Your Valuation

NextGen leaders have the opportunity to increase the financial value of their company with Revenue Growth, Key Person Risk, and Engage Workforce.

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Family-Owned Businesses Wrestle with Talent Concerns

President of Grand Rapids Label and chair of the Family Business Alliance, Bill Muir discusses how family-owned companies wrestle with talent concerns.

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Is family part of your brand identity?

Working with family can be tricky, but studies that 60 percent of consumers say that they prefer to buy from family businesses.

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