Restaurateurs have plenty to think about from day to day. If you’re not making sure that your delivery comes in on time or that your wet bar stays stocked ahead of the Sunday brunch rush, maybe you’re finding a way to pay for a new stand mixer for your rockstar pastry chef. Keeping your business […]

family business

The Agony and the Ecstasy of Passing Down a Family Business After decades of fruitful ownership, passing down the family business is on your mind. You may be ready to spend your days traveling the world, or maybe you’re just tired of dealing with the day-to-day decisions required of managing a business. No matter if you are […]

What you need to know before taking on a family business

What You Need to Know Before Taking on the Family Business Taking over a family business brings a great deal of pressure. You know your family is counting on you to keep the business thriving or even pull it out of a slump. You may not even know if taking over your family’s business is what you want to […]

Passing down a family business can be a good idea — but only if the family member taking it over is as committed to the success of the business as you are.

Taking over a family business brings a great deal of pressure. But with careful planning, it may be easier than you think. Here’s what you need to know.