Trust: a five-letter word that can expand over an entire lifetime that is often central to our daily lives even if we don’t fully realize it. We trust that our car or the bus will get us to work on time. We trust that the sun will rise and the
If you planted a backyard garden, you’re likely benefiting from the seeds you once sowed. The harvest is plenty if you spent the last several months digging up the weeds, fertilizing the soil, and caring for your seedlings. You likely have enough tomatoes to make pasta sauce and shucked corn
Summer is a season that invites everyone to slow down a bit, enjoy the longer hours of daylight each day, embrace the beauty of nature, and spend quality time with those we love most. It’s a time filled with much needed vacations and memorable family getaways… well-deserved relaxation and exciting
“It’s what the boss wants.” “I guess I’m bound to it because the boss requires it.” “What the boss says goes.” In business, many employees find themselves thinking—or even saying—one of these statements when it comes to their superior. They feel obligated to follow the direction that their leaders provide
Warmer temperatures are on the horizon. Many families are counting down the days and hours to when the final school bell rings and a well-deserved few-month break ensues. Vacations are on the calendar, pools are nearly ready, and you can almost smell the coconut scent of sunscreen around the house.
“I now pronounce you business partners.” When you stood up on the altar to say your “I dos,” you likely didn’t hear this sentence mumbled after your marriage was complete. “I dos” don’t come with a side dish of business collaborations. But even though it may not have been a
You have likely noticed its arrival. Our days are brighter and warmer for longer. The trees, bushes and shrubs are budding. Daffodils and tulips are declaring their ready and the timing is right. Spring has arrived! Each year, I enjoy today—the first day of spring—for two reasons. First, it’s a
Success in a family business is a lot about love. That begs the question (as Tina Turner asked), “What’s love got to do with it?” My answer is simple: everything! While there are many elements of a family business that differentiates it from other business models, there is one thing
Family businesses have been around for centuries; in fact, it’s how many businesses we know today were formed. Walmart, Chick-fil-A, and Ford Motor Company may be a few brand names that ring a bell for you. And while every business has its own unique nuances, I would suspect that if
It’s here. There’s no running from it. Smells of cinnamon and pine are all around, and anticipation can be seen in the eyes of children who are counting down. The days are numbered before Christmas arrives. For family businesses, however, holidays can be a point of contention if you let
For most businesses, their value is based on its equity which is usually determined by the value of their assets minus their liabilities. A simple PnL report allows many business owners to quantify what their company is worth… in dollars. And this typically makes sense due to the fact that
Family business owners started their business for a reason. Maybe they were seeking freedom and found a business as a tool to offer it. Possibly they had a skill, a product, or an offering that others needed that they felt compelled to deliver. They could have sought to break the
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