by NextStep | Mar 16, 2017 | Articles
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...
by NextStep | Aug 9, 2017 | Articles
Even if family members decide to one day go their own way, and no longer remain in business together, this doesn’t need to destroy their relationships. Unfortunately, in my opinion, “shotgun clauses” are often inadvertently killing many family businesses in Canada....
by NextStep | Aug 9, 2017 | Articles
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...
by NextStep | Aug 9, 2017 | Articles
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...
by NextStep | Aug 9, 2017 | Articles
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...
by NextStep | Aug 9, 2017 | Articles
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,...
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