With each installment of our Video Blog Friday’s Series, Paul Karofsky reflects on influential lessons learned from his career working with family businesses. Each Friday, we will provide a new story with a unique topic – so stay tuned! We hope you enjoy the 16th feature where Stan feels “picked on” by his older brother […]
We wrote previously about things you need to consider when someone “marries” into the family business. Many of the same considerations apply when you are thinking about bringing one of your children into the business fold. Here are three areas to consider. It is essential that you define entry criteria well before the discussion about […]
With each installment of our Video Blog Friday’s Series, Paul Karofsky reflects on influential lessons learned from his career working with family businesses. Each Friday, we will provide a new story with a unique topic – so stay tuned! We hope you enjoy the 15th where as Alan starts his estate and succession planning, his […]
With each installment of our Video Blog Friday’s Series, Paul Karofsky reflects on influential lessons learned from his career working with family businesses. Each Friday, we will provide a new story with a unique topic – so stay tuned! We hope you enjoy the 14th feature in our series, When the heir apparent may not […]
(Framingham, Mass. – October 24, 2011) We’re pleased to announce that David Karofsky, President of Transition Consulting Group, has been awarded certificates in Family Business Advising and Family Wealth Advising by the Family Firm Institute (FFI). These certificates are presented to individuals who have achieved comprehensive professional knowledge and gained significant expertise that can be used […]
So, You’re in the Family Business… by Paul Karofsky Jeannie (older sister in a family business meeting): Ron (younger brother, in a loud voice): I said I’ve got an idea how we can solve that! I think we should…” Jeannie: We heard your suggestion the first time. You don’t have to yell. Ron: It sure […]
So, You’re in the Family Business… by Paul Karofsky Daughter: Mom, you’re not hearing me! Mom: Laura, it’s just that you’ve been part of this business for so many years. You were always such a natural. Even when you were a baby, you were filled with personality. Our employees and suppliers all love you. And […]
By Paul and David Karofsky July 2010 In general, we discourage families from leaving their homes to multiple children as it can often lead to family conflict, write Paul and David Karofsky. For example, we worked with three generations of a family that had a couple of vacation homes. The senior generation grandparents had a […]
by Paul and David Karofsky March 2010 Family business researchers, educators and advisors have long been touting the need to extend the role of governance to non-family members, write father-and-son team Paul and David Karofsky. However, there are certain questions that families need to ask themselves before embarking on such a process: Whom does the […]
Reputable Firm Leverages its Longevity and Breadth of Experience with Uncommon Perspective for What Family Businesses Need Now(Framingham, Mass. – January 13, 2010) Father and son Paul and David Karofsky, have teamed up to launch the next generation of Transition Consulting Group, Ltd (TCG), a Massachusetts- and Florida-based firm that has enjoyed a long reputation […]