There are two big pieces to the estate planning puzzle: who will run what (management succession) and who will own what (the transfer of assets). In my last ProfitTips article…
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Most people assume that the biggest estate planning fights involve “Who will own what?” It’s been my experience that, “Who will run what?” is often an even bigger issue. “Who…
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You might be ranching for profit if your spouse doesn’t have to work in town so you can have health insurance. If you are making a profit you ought to…
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I occasionally lead workshops I call Hard Work and Harmony: Effective Relationships In Family Businesses. In it I like to ask participants to explain to the person next to them,…
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I have an advantage over most of the people who come through the Ranching for Profit school. I have boundaries. The RMC office is about a mile and a half…
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When I was a kid if I asked my parents for money they would usually come up with some extra chores for me to do or suggest that I see…
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We use a process at RMC to help families and business teams create a shared vision and a plan to achieve it. We start by asking a very basic question:…
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In an earlier ProfitTips column I wrote about a young couple who, after attending a Ranching For Profit School, came home to meet a brick wall of resistance from the…
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Many of us hope and fear that the next generation will want to be part of the family business. We hope because we feel validated that we must have done…
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Life isn’t a fairytale. Sometimes regardless of how good our idea is, how well we listen, how well we prepare and plan, we still run into a brick wall of…
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