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Why Families Lose Wealth (Part 5): The Inability to Trust the Next Generation With the Business
This is part five in a series on why family wealth rarely lasts beyond three generations, and how to prevent that. In this post, we’ll look at one…
4 min read
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Why Rags to Riches to Rags in 3 Generations, Part 4: No Mission—or a Bad Mission—for the Family
This is the fourth post in a series about why families with wealth so often go from rags to riches to rags in 3 generations. And one of…
4 min read
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Proverbs 28:20 and the Wisdom of Getting Rich Slowly
Proverbs 28:20 teaches a kind of wisdom our culture has nearly forgotten, especially when it comes to getting rich slowly. The verse reads: “A faithful person will be…
4 min read
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How to Hire People Under 18 (Who Aren’t Your Children) for Jobs in Your Small Business
Hiring minors in a small business is a bigger responsibility than many owners realize. Business owners often know the rules for hiring their spouse or their own children,…
4 min read
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How to Overcome Impostor Syndrome When Inheriting a Business
If you’re dealing with impostor syndrome inheriting a business, you are not alone. When you step into ownership—whether through inheritance or purchase—the first thought many people have is,…
4 min read
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Systematizing the Business You Inherited: How to Run It, Document It, and Delegate It
Systematizing the business you’ve inherited is one of the most important steps you can take after buying or inheriting an operation. A business is a complex machine, and…
4 min read
