Family values

Article Abstract:

Chartered accountants are in a good position to help their business clients develop a successful exit strategy. More than the tax considerations, accountants must focus on personal and family issues in trying to help their clients move their business and wealth through the family. This involves knowing whether the clients can afford to retire by determining whether they have enough wealth other than their business. It is also important to ensure that the management of the business is strong and that there are means of resolving conflicts.

Financial Personnel, Services, Accounting and auditing, Accountants, Financial occupations

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Our marketing champion

Article Abstract:

Robinson and Company L. L. C. recently dedicated a full time person to marketing, and feels that the move was positive because she is thinking about marketing for the company all the time, instead of not following through, which was the case in previous marketing efforts. The initial cost has turned into a company investment, and the marketing initiative has been beneficial to the brand and client development.

Canada, Marketing, Management dynamics, Business enterprises, Ontario

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Taking the long view: family businesses need to have long-term plans in a number of areas if they are going to be transferred successfully to the next generation

Article Abstract:

Issues concerning the management of family businesses are discussed. The need to have a clear business plan, including succession and family participation, is highlighted.

Management-Goal Setting, Management, Managers, Goal setting

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