Our guest blogger this week is Tom Deans, author of Every Family's Business:
It occurred to me that the sub-prime and resulting liquidity crisis is nothing compared to the much bigger bomb ticking away in family businesses big and small.
My prediction is that if the banks don't begin to press harder for evidence of real succession plans, the $10 trillion sitting in the retained earning of North American family businesses will dissappear faster than you can say Lehmann Brothers sell Lollipops by the Sea Shore.
When I say "real succession plans" I mean evidence that gifting the family business to junior isn't the plan. Gifting an operating business to dis-interested, ill-prepared, incapable hands of family is not going to cut it with lenders, shareholders, customers or employees.
by Tom Deans, Author, Every Family's Business: 12 Common Sense Questions to Protect Your Wealth. www.ProtectingFamilyBusinessWealth.com
5 comments:
Powerful post.
Some were practical, of course, but others were psychological and emotional.
*Rounds table format. Ask your local club to run this for you.
Feel free to surf to my web-site - good pub quiz names
The only hurdle to accessing this is of course human limitations and the fact that the brain does not function solely as a learning tool
for the human being. You must definitely be planning to make it special and
memorable by keeping a good theme, ordering the best
food and choosing the best games. The food is decent and the drink specials
on Tuesdays include $2.
Feel free to visit my page: best pub quiz names
(Thank you rounds are always welcome, of course. At the end of each
round read out the cumulative scores. Her father, Bruce Paltrow, produced the critically acclaimed TV
series that is considered the precursor to many medical shows today, St.
my blog great pub quiz names
Narrow blood vessels lie alongside the intestines of the earthworm and they absorb the nutrients from the alimentary
canal feeding the rest of the body. At the end of each round read out the cumulative scores.
Her father, Bruce Paltrow, produced the critically acclaimed TV series that
is considered the precursor to many medical shows today, St.
my blog post: good pub quiz names
Post a Comment