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Lois Lang

How to Handle Embezzlement in the Family Business

By Lois Lang Hearing about embezzlement in a public company rarely shocks anyone, but when it happens in a family business, people are often stunned. “How could he steal from his own family?” “Doesn’t she know she’s hurting her siblings/cousins/parents?” As tough and painful as embezzlement is, it’s not as uncommon as many of us […]

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Lois Lang

Five Tips for Family Business Succession Planning

By Lois Lang When it comes to family business succession planning, one thing is certain: Most family business leaders don’t do it, they don’t do it well, or they wait to do it until it’s too late. While the CEO longevity in non-family businesses is an average of six years, for a family owned businesses […]

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Lois Lang

The Truth about Trading in a Family-Owned Business

By Lois Lang “If you give me some new kitchen cabinets, I’ll redo your website and give you free hosting and SEO for a year.” Trading the products or services of the family business for something in return is more common than most people like to admit. Sure, we all enjoy getting something for “free,” […]