The saying “loose lips sink ships,” doesn’t have ancient origins.  While it sounds like one of those sayings that has been around forever, the saying was actually invented during World War II.  It was taken quite literally.  The idea was that a lack of secrecy could lead to the loses of actual ships or other […]

If you own a business, then ownership transition should definitely be a central topic in your planning.  A few years ago, MassMutual Life Insurance Company conducted a very interesting and thought-provoking survey of family-owned businesses.  Obviously, family-owned businesses have their own unique needs and challenges.  The MassMutual Life Insurance Company survey certainly underscored this fact. […]

The reasons for selling a business can be divided into two main categories. The first is a sale that is planned almost from the beginning or by an owner who knows that selling is or should be a planned event.  The second is exactly the opposite – unplanned; the sale is motivated by a specific […]

A large percentage of business owners are not just owners, but also operators.  Owning a business can be exciting and rewarding, but it is also a tremendous amount of unending work.  In the end, the “buck” stops with you.  With that realization comes a significant amount of stress.  It goes without saying that stress can […]