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family business matters Intellectual Property and the Succession Planning Process
Over the past 30 years as a family business consultant, I have come across many differences that have eroded family relationships. One involved Uncle Joe and his nephew, Bruce, as they were going through a painful succession planning process. In addition to the typical family business issues of ownership, estate and leadership, they were grappling with matters related to family history and intellectual property. History played a part in the situation in that when Bruce was 10 years old, both of his parents died in a plane crash. Bruce’s sister went to live with another uncle, and Bruce and his brother, Pat, came to live with Uncle Joe, his wife, Nancy and their children – two boys and a girl. The cousins were all about the same age, with Bruce being the oldest and Pat in between the two boys. It was an abrupt change for Uncle Joe’s family, but everyone did their part to make Bruce and Pat feel welcomed and part of the family. Even though all of the kids were cousins, they felt and acted like siblings. Joe and Nancy became quasi parents to Bruce and Pat. At the time of the plane crash, Joe was involved in a construction business with his two brothers. Their working relationship was not good. As a result, Joe eventually split off and started his own construction business. As Joe’s two biological sons grew up and graduated from college, they came into their father’s business. From the beginning, the sons and their father had issues... MORE |
By Tom Hubler, Executive Consultant| One Take CEO Interview |
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Pinnacle Performance Group CEO Leslie Holman on the Importance of Front Line Employees, and More In this episode of One Take CEO Interviews presented by Platinum Group, Leslie Holman, owner and CEO of Pinnacle Performance Group, discusses how her firm helps fill the gap that can often exist between front line employees and senior leadership, and how COVID-19 has helped narrow this gap... MORE Watch this interview on YouTube or listen via Spotify or Apple Podcasts. About One Take CEO Interviews: These are frank, unedited, unscripted "one-take" discussions facing business owners and CEOs today from business leaders, for business leaders. In Season 1 (May 2020 to April 2021), 26 Minnesota CEOs shared their take on how best to lead during the COVID-19 pandemic and its unprecedented impact on their operations, and the economy. In Season 2 (April 2021 to Dec. 31, 2021), CEOs share how they're leading as the pandemic winds down, and how they plan to operate thereafter. One Take CEO Interviews are produced by award-winning journalist Dale Kurschner, who today serves as a strategic communication, crisis response and reputation management consultant with Platinum Group, Minnesota's most experienced firm helping business owners and leaders with extreme challenges ranging from rapid growth and acquisitions, to turnarounds and divestitures. Guests are interviewed solely on the merit of the content they may provide; no funding or financial consideration is provided by the individuals and organizations featured on One Take CEO Interviews. |
| Platinum Business Insights Presents |
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Finding and Keeping Top Talent Finding talent today is more challenging than ever for a variety of reasons, including the fact that just about every industry is now having a hard time not only attracting, but keeping good employees. If you’re a business owner, CEO or senior executive, join us at 3:30 PM, May 4, as we explore time-proven and new approaches for achieving both during a live, one-hour Zoom discussion with...
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