When you think about your business and its brand, what words come to mind? Pause. Really think about this for a moment. Jot down 3-5 words. So, what words made your list? Quality? Service? Innovation? These are all great words. But, what about family—did it make the cut? If not, we suggest that it should….
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A recent interview with our very own Ellie Frey Zagel, Director of the Family Business Alliance, on the topic of where talent acquisition and retention fits in the realm of family owned business.
Nearly all family businesses are created with the intention that the business will grow and be successful, generating value for its owners, employees and community, well beyond the lifespan of its founders. The family ownership group should recognize that, after they retire or move out of the business, the business entity must continue to survive…
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According to the U.S. Census Bureau, in 2015, the millennial generation or “Gen Y” (those born from 1981 to 1996) is projected to outsize the baby boomer generation as the nation’s largest living generation. There is a projected $30 trillion transfer of wealth from the baby boomers to their millennial heirs. Outlined in this article…
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Family business is one of life’s most exciting, challenging and rewarding endeavors. When you decided to start or become involved in a family business, you probably had certain objectives in mind. Your list may have included any number of unique goals, but two are common for many family business owners:
The next generation of family business owners is required to be many things. They are expected to be smart — even smarter than their talented entrepreneurial parents. They also are expected to be financially fluent. Many will learn financial skills by accident and/or on their own, and this self-taught process tends to happen later in…
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