Thursday, June 28, 2012


Our next Webinar is scheduled for July 18, 2012 at 3:00 PM EST, with Karen Benz, MS and Mark Lee, CPA, MBA. Mark Lee and Karen Benz are founders of Business Legacy Consulting, Inc. providing exit planning and business consulting services to small to medium size business owners.

This intense webinar will explore the many risks associated with not planning in advance for leaving the business.  The issues include:  not meeting your business, family and personal goals; selling your business for less than it’s worth; family in-fighting and discord; transitioning at the wrong time; and not having a successor developed. Developing an exit strategy and exit plan can mitigate these risks significantly.

An exit strategy sets the context for the exit plan. Learn the key elements of an exit strategy and what the critical questions are, that must be considered. Answering questions such as: What do you want this transition out of your business to do for your life?  and What are your  personal/family obligations? are essential to the exit plan. 

Karen's focus is on business consulting, strategy and leadership development with an emphasis on improving individual and organizational performance. Mark has a passion for helping business owners succeed. They both bring extensive experience in business planning, evaluation of business systems and general management services.

Registration to join The Network of Family Businesses and be eligible for the On-Line Educational Seminar is available at:

For additional information email:

Tuesday, June 19, 2012

Preparing the Nxt Generation for Leadership

Many ‘young’ leaders today grew up in an environment where every child received a ribbon or trophy and some schools no longer declare a Valedictorian. Yet in the business environment, there is a need for people to step forward, be recognized and lead.

In the Business Family, the process of developing savvy business leaders with the ability to unify the family, nurture the vision, maintain focus, maintain energy, maintain persistence, and see the world from others’ perspective is increasingly critical for the family to build their transgenerational legacy.

Skills necessary to build the interfamily networking skills, the ability to act and speak with power, and how to influence others and build a unified team can be learned. If the Nxt Gen leader can learn that what is good for the family and the business is good for them, the family and the business will be poised for success.

“The Diamond cannot be polished without friction, nor the man perfected without trials.”
                        Chinese Proverb

What trials, experiences and opportunities are we creating or allowing for the Nxt Gen leaders to be perfected?

I would love to hear your story

Monday, June 11, 2012

Business Succession and Estate Planning: A Team Approach

The Network of Family Businesses has scheduled a virtual educational Webinar  on June 28, 2012 at 11:00 AM EST, with Rich Locher, Financial Advisor, and Philip E. Levin, Esq. This practical and ‘how to’ discussion will help Family Business owners better understand the various disciplines needed in the planning process. Gain insight into what are the key points a Business Owner needs to consider as they approach the planning process, how Business Planning Concerns impact Estate Planning Concerns, and how one selects the correct tools and instruments for Estate Planning.

Rich brings with him 30 years experience in the investment and financial planning industry. His strengths are in helping his planning clients understand the impact their financial decisions have on their quality of life- now and in the future, especially the outcome of delaying decisions regarding family protection, estate planning or keeping investments in line with long-term goals. 

Attorney Philip Levin has over 25 years of experience working with clients, along with their financial and tax advisors, to develop and implement comprehensive and tax efficient estate plans for individuals, business owners, and corporate executives. Phil believes that the key to creating an effective estate plan is to inform clients about their options under current law and create an integrated plan designed to make sure that the right property, distributes to the right party, at the right time, either outright, or through flexible trust planning arrangements. Phil has worked with many privately owned family businesses for the purpose of developing business disposition plans to protect the rights and interests of company shareholders, partners, and their families.

Don’t miss this critical and timely ‘How To’ topic.