Minnesota Family Business

08/09/2020

Valuing generational differences

Baby boomers think everything revolves around them. Traditionalists are old fashioned. Millennials are never on time. X-gens have no identity. Stereotypes abound in the study of generations. Labels have created […]

07/11/2019

In any family, there can be awkward situations, moments of conflict and hurt feelings. The same goes for most business settings as well. That means it’s common that family-run businesses hit bumps along the way.

06/10/2019

Scott Lawrence goes to his office at marketing firm Lawrence & Schiller with a hunch and a hope that his successor is in the same building.

12/04/2018

10/23/2018

Tim Doherty was named the president and COO in May of the restaurant company his father started and built into one of the industry’s

09/14/2018

Patni says that having a succession plan in place doesnt necessarily mean a smooth transition.

09/10/2018

An objective team, including your attorney, CPA and banker, can help you successfully plan for the next chapter in your business’ life.

09/06/2018

Succession planning can be one of the most challenging aspects of owning and operating a family business. And while many family business owners may dream of passing ownership of the business onto future generations, keeping the business within the family isn’t always a viable option.

08/16/2018

Business owners get the best, most-practical advice from someone who has walked a mile in their shoes.