Family-owned small business are actually three distinct but related systems, with part of each system separate and part bound together.
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The challenges of ownership transfer planning
There are many challenges in the process of planning for the transfer of ownership of a private business. Dr. David Gage and Jim Blasingame talk about these challenges, what causes them, how to deal with them and produce an orderly transition of ownership.
More interviews with David Gage »See all
Successful business partners compare their values early and often. David Gage joins Jim Blasingame to reveal how to discuss scenario planning with your potential business partner to compare values and expectations.
Most people don't know how to create a successful partnership. David Gage joins Jim Blasingame to discuss the successful collaborations of partnerships when values, roles and finances are clearly defined and discussed in advance.
Partnerships are better when they're formed organically, not forced. David Gage joins Jim Blasingame to discuss why the most successful way to form a partnerships is to do it with patience and intention, not by forcing people together.
Do you and your partner have the same values and work ethic? David Gage joins Jim Blasingame to discuss why partners should discover the values - work ethic, materialism, etc. - of each other before going into business together.
The only thing harder than being a business owner is being a partner. David Gage joins Jim Blasingame to discuss the importance of establishing the DNA of your partnership in the beginning to ensure partner values are in alignment.
