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  • Transferring vision, values and wealth

    Times have been particularly turbulent in late 2008 and 2009, with the stock market losing a great deal of value, trusted investment advisers turning out not to be so wise and once-secure business ...

  • Including the family in sound business practices

    “But we’re different!” family business owners used to say, in an effort to explain why the best management practices that helped other businesses thrive would not necessa...

  • Exit strategy missteps and how to avoid them

    In my more than 30 years of experience in M&A transactions, I’ve heard the refrain from business owners time and time again: “Why would I need help? I know everything I need to know...

  • Independent advisors are essential in tough times

    Léon Danco, a pioneer in advising the owners of private companies, placed the selection of competent advisers at the top of his list of actions business owners must take to ensure the survival of ...

  • The rocky course of succession at Ping

    Ping Golf has revolutionized not just an industry but also a sport played by nearly 29 million Americans. The innovative product designs of company founder Karsten Solheim made a difficult game eas...

  • 'They think I'm a secretary'

    When Genma Stringer Holmes founded her pest-control company in Hermitage, Tenn., she couldn’t afford to buy a truck for her fledgling enterprise. Instead, she hauled around her exterminating equi...

  • The Buck Stops Here on Your Toughest Decision

    At some point in their lives business owners have to close their eyes and start having a few new dreams. By age 40 or so, parents need to look around at their children and ask, “For whom am I...

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