CD laddering is the process of spreading cash across various CD maturity terms and rates. Learn more about CDs and laddering to elevate your savings strategy.
In this article, “The Truth About Family Business Succession,” written by Dr. Allie Taylor and originally published by Orange Kiwi, LLC, you will discover 10 things owners wish they knew about succession years before they started. Dr. Taylor discusses some of the challenges in succession planning and how to address them
This article, “Merit or Inherit: How to Approach Succession in a Family Business,” written by Josh Baron, Senior Lecturer at Harvard Business School and Co-Founder/Senior Advisor at BanyanGlobal, and originally published by HBR.org, describes a path to succession using a blend of both the “merit model” and the “inherit model." Using both models is far more likely to set the next generation of family members up to succeed.
For many students returning to high school this month, the typical curriculum usually includes classes like Math, Science, and English, mixed with some elective classes students need to take to meet graduation requirements. What usually isn’t included are personal finance classes. According to a report from April 2023, only 18 states guarantee a form of personal finance education before graduation.
To brand or not to brand; it’s a very good question. No, we’re not discussing a soliloquy from Shakespeare, but an important decision that family businesses must make when strategizing for the future. Being the economic powerhouse they are, it makes good financial sense that family businesses wouldn’t leave something as critical as their business branding to chance.
Whether for a first-generation entrepreneur or an established family business, an inventive spirit is at the core of building and preserving a long-term legacy. Some of the world’s most iconic and enduring companies began simply by combining ingenuity and determination to improve the quality of everyday life of their customers.
Inflation and higher prices of good and services are still affecting many consumer’s wallets. According to a recent report, nearly 39% of Americans have a side hustle, or a second job that’s used for supplemental income. And, for many of these Americans, their side hustle isn’t for fun money, but instead the profit is used to help them make ends meet. Fortunately, if you’re looking for some ways to bring in extra cash, there are numerous ways to boost your income.