“The world’s oldest continuously operating family business ended its impressive run last year,” the article began. I just ran into the article yesterday on a news feed, but when I looked at the details, I discovered it was first published on April 16, 2007 and in areferred to an event that had occurred more than a year before that.

But the date of the article is probably not too important. The company that went bankrupt was over 1400 years old, having been started in 578 A.D. The president at time of bankruptcy was a member of the 40th generation to run the company. Read the rest of this entry »

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Are you a business owner? If so, what is the real inheritance you pass on to your children?

Gary North, in the same article from which I blogged yesterday, suggests that the family business may not be part of it at all.

Potentially distressing insight, but if duly heeded and acted upon, it may make a world of difference–to your children and everyone they touch. Read the rest of this entry »

Last night, a couple from Ohio, serial entrepreneurs, talked a little about their personal “journey in giving.” It’s amazing how encouraging it can be simply to hear someone else express much the same idea you have in your own heart and mind.

The thing that jumped out at me in what they said — more than anything else — had to do with what they said about their latest company: “We are giving 100% of the profits to our favorite charitable causes.”

“????!!!!” –How can they do that?!? You have to pay taxes, at least!

This afternoon, at lunch, I was able to corner the husband and get a little explanation. Read the rest of this entry »