1 Planning Resources
The right way and wrong way to start planning
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Start by using these resources tailored just for you:
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2 Social Media
Sympathy and Succession: Lessons from History
Have you heard the saying, “If you’re not on social media, you should be!” before? Social media platforms are a great way to connect with others. LinkedIn® is a great tool for businesses and is used by millions of professionals and companies. In fact, there were 66.8 million users on LinkedIn® at the end of 2022, a 2.1 million increase from 2021. As trends show LinkedIn usage increasing over the past several years, it’s essential that you’re meeting clients and prospects where they are.
3 Financing Resources
Learn to make your profits grow
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Start by using these resources tailored just for you:
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2 Business Succession
Ten Women Family Business Owners who Succeeded Their Fathers
By Lee Hoverd, Contributor
Originally published by Tharawat Magazine, February 3, 2023
Only 10% of the world’s top family businesses are led by women, and according to a KPMG study from 2020, only 18% of all family business leaders are women. But there are some encouraging indications that those numbers are rising.
Click here for the full article.
2 Family Businesses
Engaging The Next Generation for Long-Term Success
Engaging the next generation in the family business requires more than communicating with them about the business. It requires learning and understanding what is needed in order to bring value to the company.
3 Buy-Sell Agreements
Business Succession Planning Buy-Sell Agreements
Buy-sells can accomplish many objectives but are primarily used to ensure the smooth continuation of a business after a potentially disruptive event, such as an owner's retirement, incapacity, or death.
1 Succession Planning
Business Succession Planning
When developing a succession plan for your business, you must make many decisions. Should you sell your business or give it away? Should you structure your plan to go into effect during your lifetime or at your death? Should you transfer your ownership interest to family members, co-owners, employees, or an outside party? The key is to pick the best plan for your circumstances and objectives, and to seek help from financial and legal advisors to carry out this plan.
Bank Account Solutions
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More helpful Resources for your family business:
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