The Parent Trap
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The Parent Trap

How to avoid trapping your kids in the family business By Hannah Massen We’ll start by saying the first thing your kids want you to know: it’s not you, it’s them.  As an entrepreneur, you’ve poured your heart, soul and years of your life into growing and sustaining your business. Yes, you’ve had many long…

Chain of command
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Chain of command

Heritage Fine Jewelry’s succession set in stone By Leslie T. Snadowsky Patricia Catalano moved her family and her jewelry business to Hilton Head in 1990. For the last 25 years siblings Patrick Safe, 52, Doug Safe, 50, and Jennifer Lance, 43, all became integral parts of their mom’s Heritage Fine Jewelry located at Shelter Cove…

Family business matters
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Family business matters

Tips for buying, managing, selling and sharing the profits of a family business By Gregory P. Thomas A family business can be an exciting and challenging venture. Working with loved ones can provide many benefits, such as flexibility, loyalty and a strong sense of identity and purpose. However, family businesses also face unique challenges that…

Taking the wheel
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Taking the wheel

Family fuels Reichenbach’s drive to succeed By Leslie T. Snadowsky You probably saw his kids grow up on TV. For 15 years South Carolina State Sen. Mike Reichenbach produced monthly commercials for his South Carolina car dealerships that featured daughter, Olivia, and son, Isaiah, who helped tell those looking for new and used Chevrolet Silverados…

Transition with ease
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Transition with ease

When it comes to succession, planning ahead is everything. By Leslie T. Snadowsky When Creighton Stuckart, a certified financial advisor and managing partner of the Atlantic Investment Advisory Group on Hilton Head, lost his mom in 2016, he said it served as a lesson in estate planning. “It wasn’t so much dealing with the financial…

Internal combustion
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Internal combustion

Three mistakes that can destroy your family business By Hannah Massen While many entrepreneurs dream of building a lasting business that becomes part of their families’ legacy, family businesses have low survival rates beyond three generations. Data suggests that around 70 percent of family businesses fail by the time the second generation comes into power,…