Tag Archives: Aronoff

WITHOUT WORK, THINGS DON’T WORK

  A friend asked about the impact of wealth on the children of families owning significant assets.  What’s the secret, he asked, to helping such children achieve reasonably well-adjusted adulthood?  Indeed, I was reminded of one client who shared his … Continue reading

Share
Posted in Uncategorized | Tagged , , | 1 Comment

More Data Says Private Companies Are Better

A recent article in Forbes magazine made the following points:  stocks listed on U.S. stock exchanges have declined from 7400 to 3600 in the past 15 years;  public companies earn less than half of business profits in the U.S. economy … Continue reading

Share
Posted in Financial Management | Tagged , , , , , | Leave a comment

Is Business Longevity the Goal for Enterprising Families?

In a static or relatively stable socio-economic system, the ability to identify, sustain, and defend a niche in the marketplace creates tremendous value to pass from generation to generation.  When the socio-economic system is in ever accelerating flux, creativity and … Continue reading

Share
Posted in Uncategorized | Tagged , , | Leave a comment

IT’S NOT JUST FAMILY SUCCESSORS THAT FIND IT TOUGH TO FOLLOW FOUNDERS

Research pointing to the fact that family businesses outperform their non-family peers have also shown that performance in subsequent generations of family businesses does not tend to be as strong as it is in the founder generation.  In a Forbes … Continue reading

Share
Posted in Succession Planning | Tagged , , , , , , , , , , | 1 Comment

No Reason for Gratuitous Criticism of Family Business

This from the most recent Bloomberg Business Week: “Last year revenue at the company grew 12 percent, to a record $9.7 billion, and while the Great Recession slowed rivals Neiman Marcus and Saks, Nordstrom gained market share.  Nordstrom, it seems, … Continue reading

Share
Posted in Uncategorized | Tagged , , , , , , , , | 1 Comment

How Big Can a Family Business Be?

The family of Wal-Mart founder Sam Walton continue to be a powerful force in that business.  Son Robson Walton continues as board chairman of the $190,000,000,000 annual sales company.  When Sam Walton died nearly 20 years ago, the family retained … Continue reading

Share
Posted in Financial Management | Tagged , , , | Leave a comment

LETTING GO

By “letting go” we mean relinquishing control and leadership of a family business, and it can be one of the most emotional difficult experiences of a individual’s life. He or she has the power to handle the shift roughly or smoothly,reluctantly … Continue reading

Share
Posted in Succession Planning | Tagged , , , | Leave a comment