Family Business Best Practices

Welcome to BABM Family Business Best Practices Magazine where you can read succinct articles online. The articles will provide you with valuable information that can be immediately implemented to help take your business and personal success to the next level.

Successful Successors Easier Said than Done
By Dan Maloney, CPA CFP
Published: February / March 2008

Most family business executives understand the essential elements of financial planning. It starts with three basic, but vital, questions: What Do I Have?; What Do I Want?; and How Do I Get There? The questions may seem easy but don’t be fooled. The answers are hard. What makes the answers especially difficult is that, while the questions may remain constant, the answers will change over time.

Family Business Magazine

Family Business Transition
Understanding the “Me” Generation
By Dianne H.B. Welsh, Ph.D., SHRM, and Ted Shalek, CPA, CVA, MBA
Published: January 2008

What are your expectations and their reality for passing on the family business? Perceptions are reality, as they say. That is where the problem lies. Do you know the realities of those who were born in the 1970s, 1980s and 1990s?

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