The newest challenge to present itself, and the hot topic for discussion at the moment, are trade tariffs enacted by the current administration. As tariffs pertain to CRE, the most immediate impact is escalating construction costs and the potential for new supply chain disruptions contributing to overall uncertainty in the near-term.
October is Financial Planning Month! Do you have a financial plan? According to multiple sources, on average, only 27.88% of Americans have a financial plan. Without a financial plan, it can be hard to have a clear understanding of your finances.
This article discusses the different experiences of family business wealth inheritors. For some, the experience gives them purpose. For others, wealth is a double-edge sword. Find out how to guide the next generation to find a meaningful path of their own.
Finding, grooming, and retaining top talent to grow a family-owned business is critical to its long-term success. First Bank’s Chief Executive Officer Shelley Seifert is retiring at the end of the year and Mikel Williamson, an experienced banking executive and First Bank president, will be promoted to CEO. This important transition is bringing executive leadership transitions front and center for First Bank.
Starting college can be a huge lifestyle change. Whether your child is attending college in state or out of state, living on campus can present challenges, like sharing a living space with other people or using a communal bathroom. While living in a new place with new people can seem overwhelming, there are things that your student can do to help them adapt, like setting routines and planning for any challenges they might face.
Family businesses are a major economic driving force in America; unfortunately, sparse data, research, and resources for them are available. In addition to the lack of accurate representation of the family business sector, misinformation is often used.
In this article, “The Truth About Family Business Succession,” written by Dr. Allie Taylor and originally published by Orange Kiwi, LLC, you will discover 10 things owners wish they knew about succession years before they started. Dr. Taylor discusses some of the challenges in succession planning and how to address them