Diversification: A corporate strategy to enter into new products or product lines, new services or new markets, involving substantially different skills, technology, and upon understanding the associated risks, an agreed upon commitment from both ownership and executive management. The other night I had the opportunity to dine with an old high school friend. He is […]
Like millions of others Americans stuck in this twilight zone called the corona virus, I’ve found myself watching more television than usual. The other day I happened to be watching an episode of an old television western series called “Bonanza.” The story was based on the exploits of the Cartwright family – patriarch Ben and […]
In our CEO coaching, I always ask the business owner “What keeps you up at night?” That’s our starting point – because we want to address those stressors FIRST. I thought I would share a great report put forth by Family Enterprise USA (FEUSA). Through their research they uncovered some eye-opening insight into what it’s […]
The Covid-19 virus has dramatically altered the playing field for family-owned businesses. Almost all face challenges never considered just a few months ago. Some face real issues of liquidity and solvency. Capital markets no longer look the same nor as open. The very assumptions on which businesses have operated may be called into question. Now […]
