Family Business Succession Planning

The New EBITDA: Emotions Before Interest Taxes and Depreciation

Sitting in the departure lounge at LAX, I couldn’t help but overhear a conversation between an investment banker and his younger associate. I learned two things. First (and most business travelers can relate), it is amazing how cavalier people are about discussing confidential details in public places.

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Why Banking on Old Succession Planning Advice is Toast

When banks weigh in on the subject of family business and succession planning it’s kind of like watching a football player teach dance moves to a ballerina. Business owners couldn’t find a more ill-suited source of information on a hugely important issue. Banks are big and careful and always quick to offer two-handed advice: “on […]

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