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Steal This Idea: Get Help When You Make a Surprising Business Announcement

Media from radio to newspapers to blogs as well as social-media sites exploded with the news: Detroit’s beloved Henry the Hatter had lost its lease for its longtime storefront. People assumed the worst, and many longtime fans were afraid that Henry the Hatter was closing. The news, which came out in early July, has remained at the […]

Think You Could Create a New Ice-Cream Flavor? Here’s Your Chance

What would you put in an ice cream flavored to represent the great city of Detroit? If you have some tasty ideas, Hudsonville Ice Cream wants to hear from you. Hudsonville Ice Cream, a family-owned, Holland, Mich.-based company, is calling on metro Detroiters to help create the next flavor of its artisan-crafted ice cream through […]

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There is no relationship in life longer than that of siblings.  And, like today’s families, sibships come in all shapes and sizes. The classic nuclear family has diminished in the past decades, due to divorce, remarriage and parenting out of wedlock. So now we have more half-sibs, step-sibs and sibs by adoption. In addition, second […]

The Myths and Realities of Family Businesses are Worth Noting (and Celebrating)

Let’s start by defining a family business. The classic definition is a business where a single-family lineage has ownership control, is active in management and involves multiple generations. But some of those boundaries have become blurred. What about blended families? How about publicly traded companies? Would siblings who used “family money” for startup capital fit? […]

Proper Planning is More Than Asset Allocation

Here’s the thing…good planning avoids conflict. But, good planning is much more than asset allocation. Advisors implore their clients to plan for the future. They often use disturbing techniques like horror stories of deplorable outcomes due to a lack of planning. Usually the disturbing track is about a loss of money either to the tax […]