By Tom Hubler, Executive Consultant This article is Part 4 of a continuing series about the delicate issues among family businesses. Part 1 discussed financial vs. emotional equity and this article deals with trust and gratitude, which are necessary for emotional equity. Part 2 described family business challenges relating to trust and gratitude. Part 3 addressed the essential need for family meetings to balance the boundary between business […]
By Randy Kroll, Partner It’s that most wonderful time of the year, a time to exercise abundant generosity in gift giving within our families, to our friends and neighbors, and especially, to community organizations that help those facing life crises or challenges. But hold off on contributing to your favorite charities until you consider this approach for making what could be the biggest and boldest […]
Read the articles from our 2020 newsletters.
How Platinum helped owner and lender to identify a buyer, cover debt and save jobs
This November Zoom panel discussion provides perspectives and advice from three experts who collectively have been there/done this 100+times. A few of the many key takeaways include: Be transparent with creditors, vendors and employees in that order. Do a liquidation analysis to understand what you would walk away from, and with, should an orderly liquidation occur. Develop a new business plan that’s honest about what’s working […]
By Tom Hubler, Executive Consultant This article is Part 3 of a continuing series about the delicate issues among family businesses. Part 1 discussed financial vs. emotional equity and this article deals with trust and gratitude, which are necessary for emotional equity. Part 2 described family business challenges relating to trust and gratitude. Family meetings are essential Family meetings are intended to balance the boundary […]
How Platinum Group created a path to success by raising capital and navigating debt
By Steve Coleman, Partner Two months into this pandemic shutdown, I was included in a Zoom offering new perspectives on how to make our way through challenges not seen in our lifetime. Evercore Wealth Management invited clients and family business advisors across the country to participate in a webinar that turned out to be disturbing, then challenging, then encouraging in ways to address this uninvited […]
By Dale Kurschner, Executive Consultant U.S. commercial Chapter 11 bankruptcy filings through September outpaced the number filed in all of 2019. And the 747 filings made that month represented a 77 percent increase from the same period a year earlier, according to AACER court data. Yet Minnesota’s economy appears to be rebounding quite well from the depths of the Covid-19 recession earlier this year, based […]
By Tom Hubler, Executive Consultant This article is Part 2 of a continuing series about the delicate issues among family businesses. Part 1 discussed financial vs. emotional equity and this article deals with trust and gratitude, which are necessary for emotional equity. Trust Builds Emotional Equity When family members do not trust each other, everything suffers. Trust does not come automatically in a family. It […]