Topical Articles | Family Legacies

OUR ARTICLES

COVER A RANGE OF PERTINENT TOPICS RELEVANT TO FAMILY-OWNED BUSINESSES.

The purpose of the blog is to enhance family businessmen and women how to keep their dream alive and realize it through good planning.

THE INSIGHTS WILL HELP FAMILY BUSINESS OWNERS:

Maintain growing, healthy and profitable companies,
Shape future business directions,
Prepare new family leadership,
Ensure the support of family members who do not work for the company but who significantly influence its fate, and
Guide future generations via thoughtful philosophies.

TOPICAL ARTICLES

JOURNAL ARTICLES

SUCCESSION PLANNING: GET EXPERT HELP AND UNDERSTAND YOUR OPTIONS

Even if succession seems straightforward, several steps are needed to facilitate the transfer of the farm from one generation to the next.

Trevor Dickinson

Mar 29, 20213 min read

FAMILY BUSINESSES AND PRIVATE EQUITY FUNDS CAN BE PARTNERS FOR GROWTH

Private equity funds can partner with family businesses, entering new markets and fields of business together which is mutually beneficial.

Trevor Dickinson

Mar 23, 20213 min read

HOW TO DESIGN AN EFFECTIVE FAMILY COUNCIL

Family councils can be structured in a variety of ways. Families are well served by adopting a form that works best for their situation.

Trevor Dickinson

Mar 23, 20214 min read

LETTING GO: PREPARING TO RELINQUISH CONTROL OF THE FAMILY BUSINESS

Few family business owners readily embrace the idea of not being in the position of leadership anymore.

Trevor Dickinson

Mar 22, 20216 min read

HOW PRIVATE EQUITY HELPS FOUNDER AND FAMILY-OWNED BUSINESSES

We cover Wealth Diversification, Team Development, Business Building, Financial Sophistication, Capital for Growth, "Two Bites of the Apple"

Trevor Dickinson

Mar 12, 20213 min read

FAMILY BUSINESS GOVERNANCE - APPOINTING A BOARD

How do you set your family business up to become a lasting family legacy? What sets legacy businesses apart from lifestyle businesses?

Trevor Dickinson

Mar 12, 20215 min read

WHEN FATHERS & SONS CLASH - RESOLUTION TAKES COURAGE

Resolution can best be achieved when father and son understand the origins of the conflict.

Trevor Dickinson

Mar 9, 20212 min read

WHAT IS AN EXIT PLAN?

The number one reason private business sales fail or only partially succeed is a lack of planning on the seller’s part.

Trevor Dickinson

Mar 9, 20212 min read

HOW TO IMPROVE FATHER-SON WORK RELATIONSHIPS

Both father and son must understand the origins of their conflict in order to change their perspectives.

Trevor Dickinson

Mar 9, 20218 min read

SUCCESSION PLANNING: THE TIME TO TALK IS NOW

Think of succession planning like producing a crop: it does not happen overnight and requires many small steps from seed to sale.

Trevor Dickinson

Mar 9, 20214 min read

ARE YOU READY TO EXIT? DEVELOPING AN EFFECTIVE EXIT STRATEGY

The time to plan for succession is indeed, the day you begin operations. You can't predict misfortune, but you can plan for it.

Trevor Dickinson

Mar 9, 20216 min read

HOW TO IMPROVE FATHER-SON RELATIONSHIPS

The conflict between fathers and sons relates to traditional male roles.

Trevor Dickinson

Oct 4, 20228 min read

FACING REALITY CAN PREVENT A NIGHTMARE SCENARIO

Neglect succession planning for your family farm, and you could leave your loved ones with a financial and emotional disaster.

Trevor Dickinson

Oct 4, 20225 min read

DIVERSIFY YOUR FAMILY BUSINESS TO INSULATE IT FROM RISKS

Your family business leadership must have a clear, compelling, and objective framework to ensure that good long-term decisions are made

Trevor Dickinson

Oct 4, 20227 min read

THE FINANCIAL IMPLICATIONS OF A FAMILY AGRIBUSINESS TRANSITION

Transition Planning and handing a family agribusiness over to the next generation involves financial as well as personal decisions.

Trevor Dickinson

Jun 15, 20224 min read

EDUCATION IS THE KEY TO SUCCESSION PREPAREDNESS

Readiness is imperative, and the key to readiness is education. Education is important because it adds perspective and validation.

Trevor Dickinson

May 30, 20224 min read

BREAK DOWN THE WALL OF SILENCE

Communication is the key to success in maintaining a successful family agribusiness.

Trevor Dickinson

May 30, 20224 min read

LEGACY: THE IMPORTANCE OF FAMILY UNITY

How do you build family unity and cohesion when both the family and the business wrestle with a fast-paced and changing environment?

Trevor Dickinson

May 23, 20226 min read

WHY FAMILY BUSINESSES OUTPERFORM OTHERS

Numerous studies in the last few years indicate that family enterprises are, overall, more successful than their non-family counterparts.

Trevor Dickinson

Mar 29, 20224 min read

CONFLICTS THAT PLAGUE FAMILY BUSINESSES

Examining some of the more difficult underlying psychological elements in operating family businesses & suggestions for ways of coping

Trevor Dickinson

Mar 25, 202223 min read

LEAVING A FAMILY LEGACY

Legacy is a fundamental part of life – it gives life meaning. Legacy is much bigger than an estate plan that passes down tangible assets.

Trevor Dickinson

Mar 15, 20225 min read

ASSOCIATES

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Financial Planning, Wealth

AVAILABLE NOW - FREE FAMILY LEGACIES DOWNLOADS & RESOURCES

SUCCESSION PLANNING: GET EXPERT HELP AND UNDERSTAND YOUR OPTIONS

FAMILY BUSINESSES AND PRIVATE EQUITY FUNDS CAN BE PARTNERS FOR GROWTH

HOW TO DESIGN AN EFFECTIVE FAMILY COUNCIL

LETTING GO: PREPARING TO RELINQUISH CONTROL OF THE FAMILY BUSINESS

HOW PRIVATE EQUITY HELPS FOUNDER AND FAMILY-OWNED BUSINESSES

FAMILY BUSINESS GOVERNANCE - APPOINTING A BOARD

WHEN FATHERS & SONS CLASH - RESOLUTION TAKES COURAGE

WHAT IS AN EXIT PLAN?

HOW TO IMPROVE FATHER-SON WORK RELATIONSHIPS

SUCCESSION PLANNING: THE TIME TO TALK IS NOW

ARE YOU READY TO EXIT? DEVELOPING AN EFFECTIVE EXIT STRATEGY

HOW TO IMPROVE FATHER-SON RELATIONSHIPS

FACING REALITY CAN PREVENT A NIGHTMARE SCENARIO

DIVERSIFY YOUR FAMILY BUSINESS TO INSULATE IT FROM RISKS

THE FINANCIAL IMPLICATIONS OF A FAMILY AGRIBUSINESS TRANSITION

EDUCATION IS THE KEY TO SUCCESSION PREPAREDNESS

BREAK DOWN THE WALL OF SILENCE

LEGACY: THE IMPORTANCE OF FAMILY UNITY

WHY FAMILY BUSINESSES OUTPERFORM OTHERS

CONFLICTS THAT PLAGUE FAMILY BUSINESSES

LEAVING A FAMILY LEGACY