The Gucci family feud is arguably one of the most famous family feuds of our time. Gucci is one of the most iconic and successful luxury fashion brands in the world today. However, there was a time in the 1980s and 1990s when the brand was on the brink of bankruptcy and its reputation [...]
Successful business succession planning is an essential part of ensuring the long-term success of any business. It's important to take the time to make well-informed decisions when it comes to your succession plan. A successful business succession plan includes identifying and preparing a successor to take over the leadership of the company when the [...]
Changes are being made to what can be included in severance agreements. If you are an employer, you need to be aware of recent decisions made by the National Labor Relations Board. What's the Purpose of a Severance Agreement? A severance agreement is a contract between an employer and an employee that outlines the [...]
Minimizing conflict when exiting a business is always the main goal of an exit strategy. From choosing the right successor, to avoiding other challenges that come with succession planning, minimizing conflict goes hand in hand with an effective plan. Learn how to keep your business running smoothly, even after you're gone. Even if you [...]
How to choose the right successor for your business means having the right process and plan for your business. You don't typically go into business considering how you'll exit that business, but starting your succession plan early can help you with the best plan for how to choose a business successor. Giving yourself time [...]
Challenges of business succession planning shouldn't keep you from having a plan for your business. A bad business succession plan is a plan that fails to effectively transfer ownership or management of a business from one generation to the next. Business succession planning is crucial for the long-term success of a company, as it [...]
Selling a family business isn't always an easy process... You've worked hard to build your business, or to keep the family business you've been handed going, but what happens when it's time for the next generation to take over? A family business, no matter how long it's been in the family, has sentimental value [...]
Opening your own business may have been your dream, but sometimes all that comes along with running the business can be overwhelming. With all your hard work, thinking about exiting your business usually isn't in the forefront of your mind. Succession planning for business owners can seem daunting, but you've worked so hard to [...]
The challenges of owning a business are what keep many from even reaching for their dreams. Add in a worsening economy and rising inflation and the challenges of owning a business become even greater. Starting a business isn't always easy to begin with, but if you do successfully open your business, how do you [...]
It seems that small businesses are always hit first and hardest during tough economic times. With rising prices, interest rates, and increasing supply chain shortages, it can be hard to stay confident in how we run our businesses. So, as an increase in inflation puts pressure on demand for our products and services, how [...]
