Business Succession is Inevitable

Whether it happens by design or by default, the ownership status of every business will transition and change.  Those transitions that happen by design (continual, thoughtful planning) will be smooth and rewarding.  Those that happen by default will be a mess. There are over 5.5 million family businesses in the United States and they employ… Continue reading Business Succession is Inevitable

Helping Family Businesses Prosper

Helping Family Businesses Prosper Across Generations By David Karofsky The Family Business Consulting Group Have you ever experienced someone in your business whose oversized sense of entitlement has given them an inflated idea of their abilities and what they are owed? What if that someone is your child (and potential successor) in your business? “Born… Continue reading Helping Family Businesses Prosper

Selling Your Business: Basic Things You Need to Know

What is EBITDA? – Buyers regularly use the term EBITDA (earnings before interest, taxes, depreciation and amortization) as a standard term to assess a company’s profitability and an indication of a company’s underlying free cash flow.  EBITDA can give a relatively clear reflection of a company’s true operating performance by ignoring expenses that cloud the… Continue reading Selling Your Business: Basic Things You Need to Know

The Convergence of Health & Wealth

Make the Right Medicare Choices Everyone becomes eligible for Medicare when they turn age 65.  You must enroll when you are first eligible otherwise you will pay late-enrollment penalties.  You can change your plan choices on an annual basis during the open enrollment period (October 15th – December 7th). Important terms you need to know:… Continue reading The Convergence of Health & Wealth

Every Family’s Business and Willing Wisdom

These are the titles to two books written by Thomas William Deans Phd.  I have the distinct advantage of being a credentialed CEPA (Certified Exit Planning Advisor) and a member of EPI (Exit Planning Institute).  As a result, I’ve had the unique opportunity to hear Tom speak live three times.  His message is unique, and… Continue reading Every Family’s Business and Willing Wisdom