Congratulations on deciding to purchase a new home! The spring season is often a busy time for homebuyers. Inventory is typically higher during this time, meaning buyers have more options.
This article, “Merit or Inherit: How to Approach Succession in a Family Business,” written by Josh Baron, Senior Lecturer at Harvard Business School and Co-Founder/Senior Advisor at BanyanGlobal, and originally published by HBR.org, describes a path to succession using a blend of both the “merit model” and the “inherit model." Using both models is far more likely to set the next generation of family members up to succeed.
To brand or not to brand; it’s a very good question. No, we’re not discussing a soliloquy from Shakespeare, but an important decision that family businesses must make when strategizing for the future. Being the economic powerhouse they are, it makes good financial sense that family businesses wouldn’t leave something as critical as their business branding to chance.
Whether for a first-generation entrepreneur or an established family business, an inventive spirit is at the core of building and preserving a long-term legacy. Some of the world’s most iconic and enduring companies began simply by combining ingenuity and determination to improve the quality of everyday life of their customers.
Have you heard the saying, “If you’re not on social media, you should be!” before? Social media platforms are a great way to connect with others. LinkedIn® is a great tool for businesses and is used by millions of professionals and companies.
Only 10% of the world’s top family businesses are led by women, but the numbers are rising.
A buy-sell agreement is a legally binding contract in which the owners of a business set forth the terms and conditions of a future sale or buy back of a departing owner's share of the business. Specifically, buy-sells control when owners can sell their interests, who can buy an owner's interest, and at what price.