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Tag Archives: Small business
Pramodita Sharma: Research on Women in Family Business
Pramodita Sharma describes recent research trends regarding women in family business. She notes which trends are most relevant to women currently working in a family business, and she describes promising areas for future research.
David Bork on Family Business Boundaries
David Bork describes seven critical boundary issues for family businesses: compensation, succession, siblings, spouses, non-family executives, spouses of family members, and confidentiality.
James Olan Hutcheson on “The Six Reasons Why Family Businesses Fail”
James Olan Hutcheson describes the six reasons for family business failure: a poor business concept; inexperienced management; poor planning; inadequate capital; inadequate financial controls; and “the family effect”.
“Talking Business Strategy” with David Norris, Business Consultant
David Norris from Active Assist Business Consultancy, discusses the “take five rule”, running effective boards in family businesses and the order of magnitude benefits on turnover by narrowing the business focus for small companies.
How to Create Camaraderie in Your Family Business
Family Business Coach, Pete Walsh, encourages family businesses to get out of the office and create camaraderie. Go on a camping trip, spa weekend, golf trip or whatever you like to do.
12 Ways To Save Your Family Business
At the 2013 Top Producer Seminar, Tom Deans, author of “Every Family’s Business,” explains how to secure success and prosperity with your family business.
The Family Business FORUM – Larry Klar
Transferring Your Business: Exploring Some Tax Issues in Succession Planning
Larry Klar — Argosy Partners Ltd. Succession Fund
Equity to Help Your Family Succeed in Business Succession
Succession planning should be a deliberate process and not a one-time event. Business owners should realize that the best time to plan is when you can afford the time to properly evaluate alternatives and seek input from professional advisors. You ideally never want to be forced to accelerate your family business succession because of illness, divorce or death, so be prudent and plan ahead with care and candor.
The Succession Fund of Toronto buys shares from selling shareholders in owner-operated businesses, and helps resolve family business ownership transition issues. The Succession Fund adds value by improving the depth of management teams, and providing financial and strategic input to support corporate growth plans. The Succession Fund helps family business owners/founders achieve a partial liquidity solution by taking “Chips off the Table”™.
Larry is the Managing Partner of The Succession Fund, and a Partner with the merchant banking firm Argosy Partners. He is an accomplished professional in the mid-market private equity business. Larry is on the Board of the Family Firm Institute’s Ontario Chapter.