For the love of your business

Articles to LIFT Your Life and Business

From Billions to Bust: How the Stroh Family Fortune Was Lost

In 1988, Stroh’s Beer was one of America’s most impressive family fortunes, estimated by Forbes to be worth $9 billion in today’s dollars. Just two decades later, however, the massive beer empire, along with all of the family’s wealth, would disappear. Poor business decisions and bad investments were the primary cause of the company’s downfall. […]

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4 Key Elements Of a Small Business Owner’s Estate Plan

If you’ve dreamed of leaving your company to your family but haven’t sufficiently included your business in your estate plan, that dream could become a nightmare for your heirs—and for your business’ team members and clients, too. To ensure your company is passed to your family in exactly the way you desire, you want to […]

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How To Be Successful At Business Succession

Entrepreneurship is not for everyone. Only a certain type of person has the particular set of skills, and is willing to take calculated risks and work tirelessly to build a successful business from scratch. One risk you should never take is leaving the future of your business to chance. As you grow your company, consider […]

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Steps You Can Take Now to Create a Succession Plan

Many small businesses are family owned. While family owned businesses enjoy the benefit of familial solidarity, their strength is often threatened when it’s time for leadership to be passed down. Succession plans help ensure the transition from owner to owner is an easy one, but many small and family-owned businesses do not have such a […]

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Leaving a Business Legacy

As a business leader, you have the ability to make an impact, inspire future generations and leave a legacy of your leadership. But too often, leaders in the business world fail to consider how to accomplish these lofty goals until it’s too late. Leaving a business legacy isn’t as simple as wisely planning your retirement. […]

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What Happens to Your Business Facebook Page if You Die?

If your business is on Facebook, you may wonder what happens to your Facebook page in the event of your death. To ensure someone you choose can take it over, you’ll want to make sure you’ve got your legacy contact set up for your personal page and another administraor set up for your business fan […]

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Do You Have a Business Succession Plan In Place?

As a business owner, you’ve taken on a big responsibility to your family, your clients/customers, your team and your partners. Most businesses are not sufficiently liquid to keep the company going and the owner’s family thriving, in the event of death. But with the right plan in place, you can ensure the people you care […]

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Your Family Business Legacy Matters Enough to Do These Three Things

Your family-owned and run business can be the greatest gift or the greatest burden to the people you love, if and when something happens to you. If you’ve planned well and properly for your business to be continued, managed or sold, it will be the gift that keeps on giving and shows your family just […]

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The Benefits of a Business Succession Plan

When most people think about planning for death, they envision personal estate planning. But even if you are already proactive in that area, you may  not be finished if you own a business. Succession planning for business owners is at least as important as personal estate planning, maybe even more so because you have a […]

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What Will Happen to Your Family Business When You Die?

Maybe you have dreamed of leaving the business you have built to your heirs, but if you do not have a buy-sell agreement, a business succession plan, a business transition plan or a business preservation plan in place, that dream may not be realized. Any number of factors can work against your dreams if you […]

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10 Essential Questions to Ask Before Selecting a Business Entity

If you are starting a new company or have an unincorporated entity that has grown to the point where protection of your personal assets may be desired, the selection of the proper business entity can be critical to the future success of your business. There are 10 essential questions you need to ask as part […]

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