When the Boomers Retire, Will You Sink or Swim? — Part 2

"Our only security is our ability to change." – John Lilly As I said in last week's article, there’s a tidal wave heading toward the shores of American business. The Baby Boom generation is reaching retirement age and more than 20 million workers – including the executive management team in many businesses -- will retire [...]

Do You Really Think Junior Can Run This Business?

"Don't handicap your children by making their lives easy." – Robert A. Heinlein "We can really respect a man only if he doesn’t always look out for himself." – Johann Wolfgang von Goethe One of the most challenging issues for family owned businesses has to do with the succession of a son or daughter as [...]