Our 2Q 2021 Business Owners’ Outlook reveals increased trend to sell. Nearly a year into the COVID-19 pandemic that has devastated our country and economy, business owners are feeling the effects—for better or worse—and taking action. Many business owners are experiencing burnout and exhaustion, resulting in a high percentage moving to retire earlier or looking to sell their companies.
“Damn the torpedoes, full speed ahead!!” There may not be a more iconic statement of the American can-do spirit. Bellowed by Admiral David Farragut on August 5, 1864 while exhorting Union naval forces in the attack on Mobile Bay, his words still resonate nearly 160 years later as a unique national expression of resolve in the face of a challenge. Today, it’s not surprising to hear this catchphrase—or some likeness of it—in sports, politics, and, most especially, the business world.
March 23, 2021—If your business employs family members, or if you are thinking about hiring relatives for the first time, consider the benefits of a family business employment policy. Not only can a well-thought-out policy lead to greater family harmony, but it can set up your employees—and your business—for greater success as well.