family business

Waves Over Rocks
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Take Care of the Business and the Business Will Take Care of the Family?

This summer I attended a luncheon for family business owners and their advisors. It was an excellent event. The nationally known speaker offered constructive ways to think about family business ownership and governance, the audience was very engaged, and—miracle of miracles—the food was good! Twice, though, I heard a phrase that isn’t resting well with…

Lines of Credit, Loans, and Other Lifelines
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Lines of Credit, Loans, and Other Lifelines

There’s a myth that entrepreneurs and small business owners are people who love risk. Actually, we don’t. We assume risk, sure. But mostly, we try to mitigate it. We do everything we can to make sure our next venture or product offering will be successful, fully aware that not everything we try will be. We’re…