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What will happen to the farm as aging farmers turn over their property to heirs or buyers in the next 10 to 15 years? |
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What is the current outlook for the future of SME's in Canada? The CFIB goes right to the source to find out. |
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Statistics show that 75% of enterprises do not survive their founders. Are you prepared for the shock to come? |
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While trust is usually expected -- and even assumed -- in most family relationships, it's also frequently broken or lost. |
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The SuccessCare® Program helps one family business transition. |
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Family business leaders often neglect the issue of succession in their family businesses, particularly if they are entrepreneurial founders. But to do so is to neglect the long-term survival of their business and increase the odds for its failure. |
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Many conflicts arise because the older generation is risk-averse and doesn’t want to take chances with the wealth they’ve created. |
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In an industry dotted with family-owned businesses, principals are famously hesitant about this crucial issue. |
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Nearly 70 percent of family-owned businesses fail to reach the second generation and 90 percent do not reach the third generation. |
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Can the Phelans put history behind them and bring peace to their clan? |
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The next generation of two of North America's oldest beer dynasties joined the board of directors of a merged Molson Coors Brewing Co. |
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Successfully continuing a family business into the second or third generation and beyond means a lot more than having children and grandchildren interested in joining and running the business. |
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The issues of communications, lack of trust and betrayal are again and again the reason for the high failure rate of families around the world. |
The entitlement virus; a contagious disorder that quickly spreads to the other family members.
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It was March 1994 and the Penmaen family were getting together for dinner. Sophie Penmaen had a secret. It was even more important to her now that she persuade Thom to retire from running the printing firm that he had founded and operated for over a quarter-century. |
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Rémi Marcoux, isn't about to let the printing and publishing giant -- one of Quebec Inc.'s much-touted jewels -- fall into non-family hands. |
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The success and continuity of the family business is dependent upon having a strong family in addition to a strong business. |
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When an entrepreneur wants to leave his company, are there better solutions than just selling out? |
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Families and businesses that have developed effective ways of managing conflict are those most likely to survive and thrive. |
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The tribal wisdom of the Dakota Indians, passed on from one generation to the next, says that when you discover you are riding a dead horse, the best strategy is to dismount. |
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Unlike any number of family businesses that have unravelled by their third or fourth generation, the Sobeys' empire continues to flourish. |
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The biggest hurdle family business owners must jump is the mindset of treating children equally. |
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Family companies perform better than non-family businesses, says a new U.S. study of firms in the Standard & Poor's 500-stock index. Article published by the Globe and Mail March 11, 2003. |
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Because of their family roles, siblings often bring different and complimentary skills to the business. It's critical to have a shared vision of what individuals want to achieve together. |
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A look at two individuals who struggled with their omnipotence – to the point where it greatly affected their families and the succession of their businesses. These stories emphasize the importance of coming to terms with one's mortality and learning to trust enough to hand over the control of the business. |
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History repeats itself in the Maritz family business. By Jeff Bailey, Staff Reporter of The Wall Street Journal. |
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"Surviving a change in ownership is the key to ongoing and future success," Brooke Hunter, President CAFE Upper Canada. |
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Engage professional help - prevent family feuds! |
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Inaction is the easy way out - but it's not good for business! |
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How does a family business owner know when it's time to seek outside advice? How does one hire a consultant? |
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Make sure you choose an advisor who has the training, experience, values and personal qualities necessary to fulfill the role. |
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Few family businesses survive beyond the first generation. Here's what you can learn from one of the select few who have made it over the long haul. |
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How to avoid the 5 mistakes that could sink your family business. |
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It's likely professional management -- and not a Rogers family member -- that will take the helm of Rogers Communications Inc. when founder Ted Rogers steps down. |
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Survival Tips - How to Avoid Cottage Wars in Your Family. Written by Peter Cheney and published in The Globe and Mail, May 18, 2002. |
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As retirement approaches, we take serious stock of our lives and ultimately realize there are things that are more important to us than work and money. By Barbara Moses. |
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The Prosperity Show interviews Grant Robinson and Scott vanEngen. |
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Take steps now to ensure you can choose the future direction of your business. |
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Is there a difference? Do you see a difference? |
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What goes around, comes around! |
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The saga of the succession story. Written by Gordon Pitts and published in the Globe and Mail, December 21, 2001. |
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Creating an Exit Strategy. An adaptation of Grant Robinson's article for CA Magazine, April 1999. |
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'Great Expectations' by Grant Robinson is not only a great read but also an excellent case study for those who need to deal with succession planning, business valuation and organizational development. |
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