The Three Generation Rule: Understanding Family Business Succession

What is the 3 generation rule? The three-generation rule for family businesses, often described by the adage: shirtsleeves to shirtsleeves in three generations, says the third generation cannot manage the business and wealth they inherit, so the company ultimately fails, and the family’s wealth goes with its failure. Read more on www.famcap.com In many nations … Read more

The Cost of Starting a Store: Everything You Need to Know

How much does it cost to create a store? According to vlogger and boutique owner Alli Schultz, initial startup costs for a brick-and-mortar boutique can average around $48,000. This doesn’t include items that vary based on your geographic location such as the first month’s deposit, insurance, utilities and licensing fees. Read more on www.lightspeedhq.com Opening … Read more