Next Generation

Running an early stage business often poses the classic “can’t see the forest for the trees” dilemma. You’re so focused on the next project, the next sale or the next new hire that you may not see the larger picture of where your business...

Recently, Margaret Wilson appeared on Java with Jim Ries, Director of Business Development at Offit | Kurman to discuss the origin of Tandem Partners and its dedication to helping families, owners and businesses in transition....

When it comes to succession, it’s usually a senior leader who initiates and spearheads the transition process. In a previous blog (Succession Planning: Why It Matters, Matters), we explored how important it is for that leader to have a strong and focused rationale for...

The longest suspension bridge around may not be the Mackinac or the Golden Gate, but the span between generations in a family enterprise. More often than not, the emphasis in succession planning begins with the senior generation and their pressing concerns. When do they...

Gates had Buffett, Oprah had Maya, and Dylan had Guthrie.  In your world, who do the next generation of leaders look up to? Many family-owned companies say they expect to transfer leadership to the next generation, yet only a small percentage have a plan...

During the mid-1930s, Bud Abbott and Lou Costello introduced their famous vaudeville comedy sketch “Who’s on First?” about a fictitious baseball team. As they try to communicate with each other about the various players, the conversation becomes more and more confusing. Toward the end...

In Greek mythology, there’s only one figure whose character matures over time: Telemachus, son of Odysseus and Penelope, immortalized in Homer’s epic poem the Odyssey. The poem mainly centers on Odysseus and his long journey home after the fall of Troy. During his absence,...