Free At Last

The struggle of a 2nd generation business owner

This is a story of Buck, a 60-year-old man who took over his father’s scrap metal business. His father started the business in the backyard of his modest home. Buck built the business up to about $10 million dollars in sales. When we met Buck, he had his three children in the business: Steven, a   Continue reading

Garbage In-Garbage Out

The complexities of family dynamics

We recently ran into a situation where a business owner had the help of some very sophisticated, mechanical counselors and he created a succession plan that seemed to make sense to him. It was a complicated situation because this gentleman was remarried to a younger woman. His son from his first marriage was a minority   Continue reading