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Tips on interviewing valuation firms
As family businesses mature, the reasons for developing an ongoing relationship with a valuation firm multiply. Whether you are establishing a valuation process for a shareholder redemption program, c...
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Family is part of the package at New Jersey box company
Marketing 101 teaches that packaging is an important part of marketing strategy, a tenet that has been a boon for Accurate Box Company of Paterson, N.J. The fourth-generation family business manufactu...
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Intergenerational transitions go Zoom!
Many things have changed for families during this COVID-19 crisis, but not the complexity associated with intergenerational transitions in family businesses. The many stated (and loads of unstated) re...
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Steps for developing family directors
Your board has evolved over the last few years, and now there are retirements of both family and independent directors on the horizon. Looking at the family, you may see the desire to serve, but not n...
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Leadership advice for these uncertain times
Dennis Snow of Snow & Associates, a consulting firm specializing in customer service, employee development and leadership, offers tips on managing teams who are working during the COVID-19 pandemi...
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Graeter’s adapts, with history as its guide
People still want ice cream in a pandemic — but how they get it is changing.Graeter’s Ice Cream, a 150-year-old family-owned craft ice cream maker, is finding its way through the crisis by adaptin...
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Just Born resuming production after precautionary hiatus
Just Born Quality Confections, the Bethlehem, Pa.-based maker of Peeps, Mike & Ike, Hot Tamales and other beloved candy products, will resume operations May 4 after a hiatus that began March 25. T...
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Wealth Planning in Down Markets and Low Interest Rates
The down market and low interest rates present significant estate planning opportunities — making this a very favorable time to consider wealth planning strategies for your family.In the past decade...
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Keeping the Family Connected in Self-Isolation
What does a family meeting look like when family members can’t actually meet?In today’s world of social distancing, travel bans and shelter-in-place protocols, many families are being forced to re...
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Lee Company pivots to aid ventilator-making effort
As General Motors and other companies push to make ventilators to help COVID-19 patients streaming into U.S. hospitals, the Lee Company of Westbrook, Conn., has adjusted its systems to join the effort...
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Now is a great time to transfer stock to heirs
The economic effects of the COVID-19 pandemic are dire, and family businesses are not immune to the economic fallout from the virus. Yet we are confident that family businesses are best positioned to ...
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Preparing for success in the post-pandemic future
While we are being overwhelmed by a deluge of information on how to “survive” the COVID-19 pandemic, the astute among us are turning their attention to how the post-pandemic future will unfold. Wh...
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Success Tips for Family Business Women
Advice for families:1. Encourage all NextGens, regardless of gender, to engage with the business. Educate them in the business fundamentals and teach them to be good stewards. When they’re youn...
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Go Figure
Recent studies show family business women in North America are still waiting for the chance to take a seat at the head of the table.In a 2014 Ernst & Young survey of 525 of largest global fam...
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Strategic responses to COVID-19 upheaval
As family firms have responded to the economic upheaval caused by the spread of COVID-19 to the United States, we’ve observed the following principles in operation:• Transparency. Business leaders...
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COVID-19 requires changes in plans for business and family
Family businesses have adjusted their business and family governance practices to adapt to the COVID-19 pandemic.Bush Brothers & Company, the Knoxville, Tenn., maker of BUSH’S BEST brand canned ...
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Highlights helps parents during pandemic
As the coronavirus spread throughout the United States, schools nationwide were closed. Suddenly and unexpectedly, millions of parents became homeschoolers. Highlights for Children Inc., the venerable...
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Third-generation CEO grapples with a ‘double whammy’
Mull Drilling Company, an independent oil and gas company based in Wichita, Kan., has been hit by “a double whammy,” says third-generation CEO Jennifer Mull Neuhaus.COVID-19 has lowered demand for...
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Helping you navigate through this crisis
As COVID-19 continues to spread around the world with devastating effects, first and foremost, we are focusing on the health, safety and wellbeing of our employees, families, customers and communities...
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Media laud family firms' COVID-19 responses
Family-controlled and family-owned companies’ responses to the COVID-19 pandemic are receiving media attention.Tim Boyle, president and CEO of publicly traded, family-controlled Columbia Sportswear,...
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