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DIVORCE IN THE FAMILY BUSINESS: MANAGING CHANGE IN CHALLENGING TIMES
The end of a marriage changes both the family and the family business. While your immediate goal may be surviving divorce without losing what you’ve spent years building, it’s equally important to consider how what seems like a private, personal event causes shifts and tremors in so many other key...
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It’s Just a Stage They’re Going Through: Aren’t We All?
The blogosphere is buzzing about  “What Is It About  20-Somethings?”, a widely covered recent New York Times Magazine piece. For their baby boomer parents, the answer to the title query is  reassuringly familiar  – It’s just a stage they’re going through. A new one, brought on by a cluster...
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THE REST IS UP TO THEM
Graduation has come and gone, and the  parents of the Class of 2010  are proud,  broke and glad it’s over. They have agendas they want to get back to, the second half of their lives to invent –  the part where they’re not old yet, just older. Well, don’t get too excited – it ain’t over...
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Why Family Businesses Need a Boundary Statement
Many family businesses have mission statements that clarify their values, goals and principles. But few have a boundary statement, which is even more important to the operation, profitability, reputation and stakeholder satisfaction of a family-owned enterprise. A boundary statement sets out the lines,...
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Unsure About College? Should They Go Anyway?
Unsure About College? Should They Go Anyway?
“Why should I go to college when I don’t know what I want to do?” It’s a question many parents of teenagers hear as the end of high school approaches, even in families where college planning is well advanced, grades and SAT scores are college-worthy, and finances aren’t an issue.  “College...
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“Transition Fever” Peaks in Winter for Parents and Teens
“Transition Fever” Peaks in Winter for  Parents and Teens
April isn’t the cruelest month – it’s January, deadline time for college applications. While college transition fever first strikes  between junior SAT’s  and senior September, it peaks once the bids for admission are  in the mail.   Suddenly the realization that a big change is coming ...
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Your Money or Your Life?
Your Money or Your Life?
Financial independence is a hallmark of maturity, which is why  money is often the stage on which parents and  grown children act out the drama of separation.  When, why and how much we help our kids financially depends on what we can afford and whether we think our help will lead to a happier life...
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