A common difficulty in family businesses is a lack of appropriate succession planning. The selection of the next family leader — be it the CEO or the chair of the board — comes with emotional, business, and governance challenges. There’s often pressure to maintain the “family chain” and preserve family values while also evolving the business in order to remain competitive — two goals which can often feel at odds with one another.
Nearly every family-owned business leader hopes to pass the torch to a family member when the time comes. Yet, fulfilling that hope is surprisingly difficult. While exact figures may differ from one source to another, there is common agreement that fewer than 30% of family businesses survive into the third generation of family ownership.
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TAPinto Spotlight on Business Features Cruise Planners | TAPinto
BERKELEY HEIGHTS, NJ - TAPinto “Spotlight on Business” features local businesses and their owners who are important to our communities. Follow this column to receive a fresh perspective on small business owners and their unique needs while shining a spotlight on their stories. This edition features Berkeley Heights business Cruise Planners owned by Nish Verma.
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Cruise Planners is an Award-winning travel agency and a highly reputable brand in the travel industry. It has over 25 years of legacy in providing quality service to travelers. Verma, as a Travel Advisor, runs an independently owned and operated franchise of Cruise Planners .
Kobe Bryant's business empire broke the mold for retired athletes
Kobe Bryant was best known for bringing his competitive spirit to the basketball court — the " mamba mentality " as it was called — but in recent years, he also applied it to the business world.
"He was moving from success to significance," said Lee Igel, a professor at NYU's Tisch Institute for Global Sport. "Most people got to know him as a high schooler. We were watching him grow and watching him change and take what had been his successes on the court and channeling them into these acts of significance, into things that mattered to him."
Starting A Business In Your 40s? How To Choose The Right Legal Entity
As a business owner who is also in her forties, I have to agree that many of these insights are indeed correct. Over the last decade, I have helped entrepreneurs of all ages incorporate their businesses—including a rising uptick of middle-aged entrepreneurs. However, whether the people I work with are young or middle aged, many question which entity formation is the best fit for their business.
The advice does vary a bit depending on company type and entrepreneurial stage. Through my experience in working alongside middle-aged entrepreneurs, I have found the following three entities provide the best return on investment:
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A woman’s touch makes Aspinwall’s business district shine bright | TribLIVE.com
Stroll, sip and shop your way around Aspinwall, a tiny historic borough that’s big on supporting its thriving small business district, which encompasses several blocks on two main avenues: Brilliant and Commercial.
Aspinwall Chamber of Commerce President Giuseppe Francioni says the “ ‘Wall” is more than just a neighborhood.
“We’re a jewel of the Allegheny and these business owners have been innovative and creative in generating a pulse for their businesses,” he says.
How this Army veteran's business survived launching during the Great Recession
Over the course of his 22-year commitment to the U.S. Army, Brian Butler commanded troops through combat, served on the Homeland Security Council in The White House, and visited 68 countries.
Butler retired as a lieutenant colonel in 2006 but still applies the guideposts of dedication, teamwork, and integrity that were fostered in the military to a different assignment.
As founder, president, and CEO of Vistra Communications – a full-service marketing, communications and consulting agency – Butler leads a staff of 90 outside of Tampa, Florida. And his 12-year ascent to leader, small-business owner, and philanthropist almost didn't happen.
15 Things Every Business Must Know About 5G
Every U.S. carrier has launched some form of 5G network, and many European carriers have as well, but what exactly is it? And why should we care?
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Here are 15 things every business owner must know about 5G as it rolls out into wider availability and use:
It might still be several years before 5G is fully rolled out, businesses would be wise to start preparing for the change today. This might include costs for upgrading hardware, but also potential opportunities that will open up with gigabit speeds. Regardless, the companies that are prepared for 5G will be poised to reap the biggest benefits.
Viewpoint: Suspend The Trump Organization From Doing Business With Government - Government
The federal government should suspend the Trump Organization from doing business with agencies. The Trump family businesses should in fact be debarred , but the standard for suspension is lower, the case is more clear, and the permissible period for suspension—up to one year—is sufficient for the government to avoid the worst risks associated with doing additional business with the Trump family.
It's difficult to imagine a contractor not already on the federal government's excluded party list (or "blacklist") that presents a stronger case for exclusion. The most likely reason Trump Org hasn't been suspended is a fear of retaliation, which only underscores why the government must stop doing business with the Trumps.
Happening on Twitter
My heart truly mourns over the news today. Kobe was a great mentor and friend to me. You and your daughter will liv… https://t.co/jDfDbAy2R1 DjokerNole Mon Jan 27 03:18:34 +0000 2020
My heart is completely broken for Vanessa, the entire Bryant family, and all those on board. A father, husband, phi… https://t.co/0E5nFkMmZn KamalaHarris (from California) Sun Jan 26 22:20:59 +0000 2020
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