Author Archives: norbschwarz

A Banker’s Dozen of Life Lessons Learned

In my 50 plus years in banking, business and consulting, I have been blessed to have had the opportunity to work with scores of families and mentors who have taught me a lot about getting along in the personal and … Continue reading

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Posted in Conflict & Communication, Next Generation Development | Tagged , , , , , , | 1 Comment

Accessing Next Generation Wisdom

The senior generation of a family business was in the process of developing an employment policy for family members wanting to apply for a position. They interviewed next generation family members for their input and found some very interesting suggestions. … Continue reading

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Questions to Consider Before you Venture into ‘Family Venture Capital’…

Some families have thought about providing venture capital or “seed” money to family members who have an entrepreneurial dream. Families that have considered offering such capital often see it as a way to support family members and build on a … Continue reading

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Posted in Compensation | Tagged , , , , | 1 Comment

The Roles and Responsibilities of Beneficiaries

Trusts are important tools when planning for the continuation of family ownership into future generations. While trusts are often effective in tax and transition planning, family and business issues can emerge when little is done to educate beneficiaries about their … Continue reading

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Posted in Family Business Education, Governance & Boards | Tagged , , , | Leave a comment

Adding owners to the family business

At some point in their lives, many family businesses face a decision regarding whether to authorize and issue non-voting stock or not. This common strategy can be very helpful in accomplishing tax and estate planning objectives as well as adding … Continue reading

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The importance of Values and Mission in a family business

One of the most enlightening discussions I was privileged to facilitate with a client was one involving the family’s Mission as it related to the business. The question posed was  “why do we own this business?” The question was rephrased … Continue reading

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Posted in Family Business Values, Uncategorized | Tagged , , | Leave a comment

To what end? The value of getting clarity on mission

One of the most enlightening discussions I was privileged to facilitate with a client was one involving the family’s Mission as it related to the business. The question posed was  “why do we own this business?” The question was rephrased … Continue reading

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Distribution Policies

When the family business has shareholders with diverse financial needs and interests, disagreements over distribution policies can be challenging to the business and the family.  To better manage these discussions, it may be helpful to know or consider the following: … Continue reading

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Posted in Family Business Policies, Governance & Boards | Tagged , , , , | Leave a comment

The Year of You

By now most of us have made our New Year’s resolutions and have put them on a back shelf. For 2012, I am working on a new challenge. I am concentrating on self-improvement as opposed to focusing on the business. … Continue reading

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Posted in Career Development | Tagged , , , , , , , , , , | Leave a comment

Silos are great for corn but destructive to your business.

John had been working for the company for 25 years and is close to the patriarch. In fact, Dad hired him and has consulted with him in making key decisions over the years. Today the company is facing some real … Continue reading

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