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Family Businesses Need Best PracticesFamily Businesses Need Best Practices

- Being engaged with family in a business model provides great opportunities for both conflict and shared success. Ignoring the family dynamics in the family business would be like ignoring the lava flow of an active volcano. You know it’s there and you must address it.

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Take the Right Steps to Best Compensation Policy Take the Right Steps to Best Compensation Policy

- How to compensate has been a dilemma since the hunting and gathering societies. From communism to capitalism, mankind has questioned the value of work, education, time and brawn. Even within capitalism, we range from “performance bonus” to “union scale” – a wide variety of employment reward systems to say the least.

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A Small Beacon Begins To Shine BrighterA Small Beacon Begins To Shine Brighter

- Even in an atmosphere where “government service” is in question, “government services” still need to be fulfilled. Someone has to take out the trash, wash the floors after demonstrations, and provide security when full-time resources are reduced. That’s where Manisha Dotson and her Nisha Industries show their stuff. Hopefully, she’s typical of the small beacons of light leading toward economic recovery.

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TransparencyTransparency

 - What you don’t say can have as much impact as what you do say. Where a family business is involved, it is even more critical.

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The Frequently Missing Link in Succession PlanningThe Frequently Missing Link in Succession Planning

- Nothing is perfect and neither is a succession process. But with reasonable people and some compromise and collaboration, a good result will be born.

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Rising Through the Ranks of a Family-Owned BusinessRising Through the Ranks of a Family-Owned Business

- In a family-owned business you want to earn your spot in the succession plan, not just inherit it.

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Passing Assets to the Next GenerationPassing Assets to the Next Generation

- Mixing family and money is a very hot topic and one that generates strong feelings — and sometimes “fisticuffs.” When a business owner is ready to pass on assets to the next generation they often stress the desire to “be fair.”

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Exiting Airplanes and Buildings…But Not Your Family BusinessExiting Airplanes and Buildings…But Not Your Family Business

- How to plan for a graceful exit from the family business on your terms — before it's too late

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Difficult Times – Difficult DecisionsDifficult Times – Difficult Decisions

- The critical balance between the business and the family in business-owning families is in constant flux. No recent era would attest to that more than our current economic situation.

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Business Owners Need to Consider Many Issues When Developing Plan to Protect Their Business Assets Upon Their DeathBusiness Owners Need to Consider Many Issues When Developing Plan to Protect Their Business Assets Upon Their Death

- As a business owner, most of your time is spent managing the business and the employees, especially in today’s tough economic times. Unfortunately, too many business owners don’t give enough thought to what will happen to their business if they die, and how the business can be passed on to their spouse, children or family in the most tax efficient and least costly manner.

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