This once-in-a-lifetime conversation between Dr. Marshall Goldsmith and Mikel Williamson is moderated by First Bank's Senior Vice President and Director of the Center for Family-Owned Businesses Ed Hart. Goldsmith and Williamson discuss how leadership has evolved in the past few years and what traits and characteristics exist in the world's greatest leaders. Watch now.
Author Ken McCracken explores economist and philosopher Adam Smith's thinking on self-interest and sympathy and how to apply it to succession planning.
When developing a succession plan for your business, you must make many decisions. Should you sell? Should you structure your plan to go into effect during your lifetime or at your death? Should you transfer your ownership interest?
To help businesses ensure a seamless transition of leadership, here are some key considerations we’ve learned from our own experience.
Headquartered in Saint Louis, MO, St. Louis Metro Electric Supply, Inc., a wholesale distributor of electrical supplies and operator of several retail lighting stores, has been providing wholesale electrical and retail lighting solutions since 1967.
Dovetail Furniture opened its doors 30-years ago, led by co-founders Charlie Shaw and Ted Einstein. Barbara Einstein, Ted’s wife, later joined the organization and is credited with helping the company evolve creatively.
Business owners anticipate changes in the future with things like strategic planning, life insurance policies, estate and trust documents, and more. However, what happens when all of this is circumvented by life changing events with family members and key employees?