Tag: Danielle Walsh

Setting the stage for success: Six steps for drafting a business plan

April 6, 2023

Whether you are launching a new business, five years in, or beginning to plan for the transition of ownership to the next generation, taking the time to write a proper business plan is certainly a worthwhile feat. This valued document can help align the expectations of all owners/managers, while also serving as a blueprint for how to run the business and set the pace to achieve its goals.

When is ‘equal’ simply unfair?

January 13, 2023

Compensation is a known contentious issue amongst most business partners, but even more so in a family business. Often, decisions made by parental owners can impact the personal and professional relationships of the next generation.

The succession road map: Moving beyond wills and insurance

December 5, 2022

Ultimately, all businesses need a succession plan. While many owners believe they have one in place, experience would indicate that, unless this is documented and reviewed on a regular basis, it is common to find multiple owners have varying expectations about their operation’s succession plan.

Management succession: Addressing the elephant in the room

October 3, 2022

In family businesses, decisions surrounding succession have the potential to create much conflict and animosity if they are not clearly outlined and understood by all. Having a management succession plan in place in the case of death, incapacity, and retirement can very well save both the business and the family. It is worth taking the time to develop one.

It’s all relative: The role of the family council

September 13, 2022

Family council meetings are intended to provide a communication forum to keep the broader family informed of what is going on in the business, provide the owners with a forum to promote employment and career opportunities to relatives, promote the succession guiding principles and corresponding business rules, and allow the family to connect or reconnect as a unit.

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Tag: Danielle Walsh

Taking the reins: Three inter-generation challenges (and how to solve them)

Setting the stage for success: Six steps for drafting a business plan

When is ‘equal’ simply unfair?

The succession road map: Moving beyond wills and insurance

Management succession: Addressing the elephant in the room

It’s all relative: The role of the family council

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Tag: Danielle Walsh

Taking the reins: Three inter-generation challenges (and how to solve them)

Setting the stage for success: Six steps for drafting a business plan

When is ‘equal’ simply unfair?

The succession road map: Moving beyond wills and insurance

Management succession: Addressing the elephant in the room

It’s all relative: The role of the family council

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Read the Latest Issue