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A NEW FOCUS FOR FAMILY BUSINESS SUCCESSION IN CHALLENGING
TIMES
By Ernest A. Doud, Jr., Managing Partner, Doud
Hausner & Associates |
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Today's difficult business climate offers unique
opportunities for some family businesses. For the majority, however, it
can be important to re-think succession transitions in light of some hard
economic realities.
For a fortunate few... The past year and one-half has been a
difficult time for most businesses and their owners. But it is truly
"an ill wind that blows no man good." Indeed, in the midst of
the current recession some businesses have enjoyed business as usual and
- in several cases - business is better than ever. ...
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entire article |
A FIRST-HAND LOOK AT FAMILY BUSINESS GOVERNANCE
By Michael M. Mellano,
President, Mellano & Company, Inc.
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Editor's Note: Those of you who are familiar with Doud Hausner & Associates know
that we are champions of effective business governance. We view a fully
functioning Board of Directors that includes independent, non-family
directors as a valuable part of the success equation. This is the story
of the experience one of our family business clients has had building a
fully functioning board for their business as seen through the eyes of
their third generation President.
Mellano & Company is
a third generation family-owned and operated flower grower and wholesale
distributor. Since 1925, Mellano & Company has reliably provided the
freshest, highest quality floral products to our customers.
A few years ago we found that we were bogged down in our
transition from the second generation of leadership and management to the
third. We retained Doud Hausner & Associates to help get us un-stuck
and to guide our family and its business in the completion of this vital
transition. ...
read entire article
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It's OK and it's SAFE to Talk to your Banker
- What Family Businesses should know about Banking
Relationships
By Bruce Ives, President/CEO & Renee Hinton,
Vice President
Coronado
First Bank, Coronado, CA
With Glenn R. Ayres, Partner, Doud Hausner & Associates
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When things are tough for your business the most natural
human reaction is to buckle down, work harder, and shut-off
communications with creditors - particularly your banker. The buckling
down and working harder is certainly appropriate, but shutting down
communications with your creditors and your banker can truly be
self-destructive. No banker wants to lose a good, long time customer, but
when there is no dialog in times such a these, the human reaction (yes,
bankers are human) is to jump to the conclusion that the customer must be
in trouble. ...
read entire article |
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You
may visit the Doud Hausner & Associates website at
http://www.doudhausner.net
(just
click the link above)
or
contact us via phone at
818.539.2267 |
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