Sunday, March 24, 2013

Strategic Planning for Family Businesses

First, between 60 and 80 percent of their total net worth is typically tied up in the business or business-related real estate. Available cash (profit) is plowed back into the business. Family business owners often awaken to the reality that they have built themselves traps by having such a large percentage of their total net worth tied up in their illiquid businesses.

http://www.waynemessick.com/strategic-planning/family-business-success-treat-children-fairly-and-equitably

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