NextStep

How To Ensure Your Kids Hate Each Other

How To Ensure Your Kids Hate Each Other

UNEQUAL TREATMENT REGARDING MONEY: Parents may elect to favor one child over another (sometimes unconsciously), but if they do, they need to be ready to deal with the consequences of their actions. One of the best ways to ensure that children become bitter and...

Be Patient! Listen Up! Speak Up!

Be Patient! Listen Up! Speak Up!

I come from a family with a successful track record of business achievements that span most of the last century. My grandfather, Charles, and my father, Clark both built an enviable record in construction and real estate. Today, over 1,000 people working across North...

Family Business ‘Next Steps’ Requires A Proactive Approach

Family Business ‘Next Steps’ Requires A Proactive Approach

Family business and succession advisor speaks on the importance of planning   VICTORIA – Renowned family business and succession advisor David C. Bentall, Founder of Next Step Advisors, recently spoke at an event put on by the Canadian Association of Family...

Being As Good As Dad is Not Good Enough

Being As Good As Dad is Not Good Enough

In a recent team teaching workshop for professional directors, we spent some of our time discussing the challenges that would-be successors in family businesses face today. We talked about how heirs to the leadership mantel in a family business often have a hard time...

Family Business is Good Business

Family Business is Good Business

As the new year approaches, I was asked to predict what I saw ahead for the year. I stated: “I predict this will be the year that Canadians begin to recognize that family business is the economic engine of our economy.” Allow me to explain why I believe this. Firstly,...

Succession Planning: Start in the Right Place

Succession Planning: Start in the Right Place

Arguably, when it comes to family business, no topic is more important than succession planning. It is vitally important for future of both the family and the business. Yet, quite frequently, the succession planning effort begins at the wrong place. Stephen Covey...

Ownership Options For Successors

Ownership Options For Successors

EQUAL TREATMENT: My dad wanted to treat all four or us kids equally. In fact, this desire, was so strong, that when he acquired 440 feet of island waterfront property, he wanted us to all have 110 foot lots side by side. (He probably would have dressed us in matching...

Special to the Globe and Mail

Special to the Globe and Mail

THE CHALLENGE Jay Bornstein is the second-generation owner of his family’s fish processing plant, Bornstein Seafoods, in Bellingham, Wash. At age 62, he began to think seriously about his plan to retire at 65, and he quickly realized he needed to choose a successor,...

David Bentall: Leaving a Legacy in Family Business

David Bentall: Leaving a Legacy in Family Business

By Ed Hird Last week I wrote aboutLegatus and the several other ministries working with business people around Metro Vancouver. So it seemed very timely when I learned that Ed Hird had just written a column about David Bentall and his work with people who run family...