Struggling to find and retain tradespeople? Deciding when the timing is right to replace that 30-year-old machine? Noticing that your technology systems are slowing you down rather than making you more efficient? You’re not alone. Our 2017 manufacturing outlook addresses the biggest issues facing manufacturers this year and offers perspective from a firm that’s been working with numerous manufacturing companies for 45 years.Read More >>
A family meeting is a gathering of all family members related to the owners of a family-owned or privately held business, regardless of role in the business or the family. Our philosophy is that even entrepreneurs and unrelated business owners have a family business. The business itself is a ‘family asset’. Click here to read if you’d like to learn more about how to have family meetings.
Intrapreneurship embodies risk taking and innovation within an established business. When evaluating the sustainability of any organization, one might revisit the business model and consider new business lines that could resist the numerous tugs experienced in the lifecycle of any business.Read More >>
Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning – estimating your tax liability, looking for ways to reduce it and taking timely action. To help you identify strategies that might work for you, we’re pleased to present the 2016 – 2017 Tax Planning Guide.Read More >>
“It’s not fair.” When your children are toddlers, this statement hits you like nails on a chalkboard. But when you hear it from your grown children, it can quickly turn from an annoyance to serious family drama. As a family business, attempting to keep children’s compensation fair can be a minefield. Following a few simple compensation-planning strategies helps you maintain peaceful family dynamics while strengthening your business at the same time.Read More >>
As a family business owner, you are pleased when you walk by a marketing team meeting and see your son suggesting ideas for the new website. You are impressed when you observe your daughter working with the operations team to reorganize warehouse layout. You have built a strong, successful business, and you are proud to be able to pass it down to your children someday. While you are busy running your company, you are also focused on preparing your next generation to take over. Early exposure to accounting decisions is one way to help build strong, wise leaders. Inside this article you will learn seven key ways your business will benefit from including the next generation of business owners in accounting meetings and practices.Read More >>
Growing companies often choose to create a board of directors or an advisory board to bring in outside influence and perspective. While the two kinds of boards have similar responsibilities, differences in how the boards are managed influence which type of board should be used. Most companies bringing in outside advisors for the first time start with an advisory board because it is less formal and less constricting.
Whether preparing a personal tax return or a complex business ownership transfer, the 2015 -2016 CK Tax Planning Guide gives you in-depth, year round strategies to follow so your tax season headache is minimal.Read More >>
On the surface, a franchise seems like a low-risk investment with promising rewards. You don’t need to start your own business from scratch and a lot of the hard work seems to come with preset directions. It can’t be that bad, right? The reality is, buying a franchise is not just an investment of hundreds of thousands dollars, but also a healthy investment of analysis and skepticism.Read More >>
Starting your own business is no easy task. There is lots of risk involved and the resulting stress can become overwhelming to handle while navigating hundreds of business decisions a day. If you add a spouse into the ownership arrangement, things only become more complex. Here’s what you should know before starting a business with your spouse.Read More >>