Tips to Create Family Business Joy for the Holidays

2021-12-16T12:10:10-06:00By |Multi-Unit Franchising, Succession Blog|

The holidays can bring about a mixture of happy and sad emotions. Entrepreneurial-owned businesses are unique in that your business is a family business. You may employ those related to you by blood and employ loyal people you have grown to care about beyond just dollars and cents. With a family business environment, mismatched [...]

Family Business: Avoiding the Kicked Hornets Nest

2021-12-05T20:32:16-06:00By |Construction, Family Business Insights, Succession Blog|

A hornets’ nest or even a beehive from afar appears to buzz with activity. It’s quite interesting to watch nature in action, which ironically is very similar to families and working in a family business. There are roles each individual plays and a set of standard operating procedures that allow [...]

Strategies for Cultivating Attractive Business Cultures

2021-10-11T18:17:47-05:00By |Multi-Unit Franchising, Succession Blog|

Whether directly or indirectly, family dynamics impact the business' ability to be successful, profitable, and, very importantly, scalable.  Whether blood-related or not, how family influences business decisions is either an asset or a liability to your culture.  Family comes in those blood-related to the owner, key leaders, and even extended family.  Creating boundaries early [...]

How to Create Boundaries Between Family and Business

2021-09-22T08:18:49-05:00By |Dr. Merlot, Succession Blog, Video|

The focus for this installment of  “Dear Dr. Merlot” is Family Governance. Family Governance policies are the first step to create boundaries between the family and the business.   The specific question we will cover from Loyd's book Family Business Heartburn Relief: Answers to Gut-Grinding Family Business Questions is:   How do the [...]

How Much Should You Pay Your Family as Employees?

2021-07-02T10:20:19-05:00By |Multi-Unit Franchising, Succession Blog|

When your family are employees, understanding how much to pay them is complex.  There are no secrets within a business. Believe it or not, your employees will find out if a family member is being overpaid and resent them (and you). Family in the business have formidable challenges just doing their job and earning [...]

Motivating Family Members To Want To Join The Business

2021-07-02T10:20:56-05:00By |Multi-Unit Franchising, Succession Blog|

Behaviors and attitudes extend beyond the business.  How you treat people correlates to their positive or negative involvement with you, your business, and your brand. Following are simple questions to identify the impressions you are creating: Have you created a culture where everyone is encouraged, respected, and provided growth opportunities? Do family dynamics enter [...]

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What is Changing In the Areas of Estate Tax?

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Planning Opportunities To Take Advantage of Now

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Leadership in Uncertain Times

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