For the love of your business

Articles to LIFT Your Life and Business

Lessons in Business Success from the World of the Best in Family Business

Family businesses tend to bring to mind small mom and pop enterprises that make a profit but aren’t necessarily industry leaders. True, you can find mom and pop at the helm in many family owned and operated businesses. But an analysis done by Boston Consulting Group found family controlled businesses account for more than 30% […]

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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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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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Millennials and the Family Business: When New Values Meet Old

Millennials are taking their places at office desks around the nation. This burgeoning generation is just starting out,which means changes for family businesses with millennial family members who stand to inherit the family business. Of course, this scenario raises certain concerns for baby-boomer business owners as they look to the next generation of workers. According […]

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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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Family Business Options When Dealing with Divorce

If you co-own a family business with your spouse and you are facing divorce, a likely concern is how your business will be handled through the separation proceedings. The good news is, it’s really all up to you. And, so much of it depends on the legal counsel you have representing you. Much of how […]

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Legal Considerations for Launching a Home-Based Business

According to the U.S. Small Business Administration, more than half of small business startups in the last 10 years have been home-based.  Whether you are contemplating setting up shop at home as a consultant, a baker or a handy man, there are certain legalities that need to be considered to ensure you have protected yourself […]

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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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How to Divorce-Proof Your Business

Whether it is due to the high unemployment rates that hit several years ago or the entrepreneurial itch Baby Boomers are now scratching instead of retiring, many married people have started their own businesses. These businesses could be put in jeopardy if the owners divorce. If you own a business, it is probably your largest […]

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