Privately Held & Family-Owned Business

Selling a Closely-held Business

February 9, 2016

Selling your closely-held business can be a very trying and emotional undertaking. The years you have devoted to growing and nurturing your company is a very personal matter. But these sentiments could cloud your ability to determine an asking price that approximates what the market can bear. Engaging a certified business valuation analyst as a…

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Tick Tock

December 9, 2015

One resource limitation that all business owners face is time. Although science has yet to develop a way to add more hours to the day, it is possible to derive more from each day. This article looks at four ways to beat the clock, including prioritizing activities and communicating written goals.

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Oops...My Family Chose the Wrong Successor

Oops…My Family Business Chose the Wrong Successor

March 10, 2015

Hopefully, your family business has chosen a great successor. But if you’re in the midst of training your successor — or even beginning to hand off the reins — and regretting your choice, how can you take a bad situation and turn it around? There are several options you might want to consider. Bring in…

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How Family-owned Businesses Can Benefit from an Advisory Board

June 19, 2014

All businesses can benefit from outside advice. It can be especially valuable to family-owned businesses, which tend to be more insular. In many cases, management is made up of family members who’ve worked in the business for decades. In addition, family dynamics can create conflicts that are difficult to resolve when all of the players…

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Fixing a SIMPLE Mistake

April 3, 2014

Savings Incentive Match Plans for Employees (SIMPLE) IRAs offer small employers and their employees a simplified way to save for retirement. Generally, these plans allow employers and employees to contribute to traditional IRAs set up for employees. However, SIMPLE IRAs are not always simple. Perpetually changing retirement plan laws, can and do cause mistakes to…

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Five Ways to Use LinkedIn to Build Your Business

March 27, 2014

When you think of social media, you probably think Facebook and Twitter.  For organizations and individuals looking to expand  their businesses, however, LinkedIn can be a valuable social media tool. The professional networking site boasts more than 250 million members, as well as 3 million-plus company web pages. LinkedIn members tend to be educated and…

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