Advisory Boards, Who Needs Them?

A company’s success depends on people—and not just those who work for it. In a typical corporate situation, the shareholders elect a Board of Directors who hire the officers who actually run the company. But if you are a small closely held company, should you also have an Advisory Board?


Business Succession Planning: Be Prepared

According to the Small Business Administration, approximately 90% of all businesses are closely held and family owned. However, of those, only 30% succeed into the next generation, and a mere 15% survive into a third generation. Why do 70% of family businesses fail to succeed into the next generation? The primary reason is that family… Continue reading »