James Clear famously said: “Ambition is when you expect yourself to close the gap between what you have and what you want. Entitlement is when you expect others to close…
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In society, the wealthy often get a bad rap. If you’re a wealth creator, people may view the wealth you have created as coming at the expense of someone else….
Family business succession plans (or the ideas for them that are embedded in the minds of the incumbent generations) are often loaded with assumptions. For example: that the “presumed/nominated successor”…
The question “how much is enough?” and its corollary “how much should I give my children?” is one many families ask but very few consider how to go about answering….
Q. My child is not performing in their role in the family business / will use their inheritance to support a cause I despise / wants to take over /…
Transition Ready In the early days of my billing business, a prospective customer asked me: “what if I was hit by a bus?” This highlighted to me the dependence of…
When taking young children for a long drive in the car, we would regularly hear them ask “are we there yet?” Children quickly become bored and impatient, and don’t always…
Q. My child (age 20) has no interest in joining the family business. What can I do? A. Very sorry to hear that; unfortunately, your options at this stage in…
This is the conundrum of wealth creator parents: they want to raise children to value the hard work that helped them create wealth, but at the same time pass them…
Family philanthropy is the act of a collective rather than an individual. It is rooted in the values of a family, carrying forward its name and legacy, and engaging its…
Financial advisors are an ‘old’ bunch – with an average age in their mid-50s and a big bulge of advisors now in their 60s and 70s. If that didn’t already…
Most families have them, and all families need them. The trusted non-family members who have worked within the family enterprise for many years. In addition to their formal roles, they…
