GMS Business Consulting 285 Comments

Business Succession

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Hello Everyone!  Recently, we met with a few attorneys with small practices, in their late 60’s with no plans of retirement, nor thoughts of business succession.  That’s a concern we have for many business professionals today who know better to plan for events like this, yet they don’t.  Over the years, we’ve seen many business professionals own and operate very successful practices/businesses, however we’re still surprised to see how many have not planned for their business succession.

If there is a younger family member coming into the practice or business, then that is a natural business succession, and the business owner has a whole lot less to concern themselves with.  Conversely, if there is no family member or young associate interested in taking over the practice some day, then that leaves a potentially valuable asset foregone and left behind, and clients that will still need to be served. Read more

GMS Business Consulting 314 Comments

Something Strange In The Numbers?

Zero Hedge

Zero Hedge

 

Hello Everyone!  Every once in a while we want to let newer viewers know why our business blog exists, and why we provide the content that we do.  As our longer-term readers know, the content of our blog is to serve two purposes:

  1. First, to provide meaningful/helpful business management content to help lawyers/law firms/CPA’s and other business professionals to better manage their short-term and long-term business goals and objectives.
  2. Second, is to provide our readers with powerful, insightful news, comments, and commentaries related to financial/economic/and political information that may not be reported by mainstream news media, and not as well-known or understood by the general public. Read more