An Online Publication by Generational Equity
Finding ways to reward non-family executives in a family-owned business can be one of the biggest challenges faced by owners of a small- to mid-sized firm. However, it’s imperative for the health of your business that you retain top performers, especially as your growth demands you hire talent outside the family.
What can you do to keep your best employees motivated and acting like owners even if you can’t share ownership? [Read more…]
Few things are harder to manage in a family business than the need to part ways with an underperforming relative. However, for the business to thrive, you must address all poorly performing employees, including those you see at the Thanksgiving table.
Maybe your great aunt really needs to retire so you can upgrade the accounting system. Maybe your niece is an entitled, lazy jerk. Maybe your brother needs to fulfill his dream of starting a different kind of business.
Regardless of the circumstances, here are five don’ts to follow when it comes time to separate a family member from the family business. [Read more…]
Up this week in the M&A Digest is a series about fixable things that can cause a deal to fall apart and much data about the seller’s market we’re in.
This edition of the M&A Digest begins with a piece that explains the traits an “optimal” business buyer should have. Then, we explore exit planning by examining what to do if partners what different things after selling the company, how procrastination can affect your professional and personal life, and how a deal with family members could play out. As usual, click on the headline to read the full piece.
Discussions about family buyouts, how you can mitigate the risk a buyer sees when they look at your company and more abound in this week’s M&A Digest. Click on the headline for the full story.
