The Family Business Strategist

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The Family Business Strategist

May 25, 2021

Baker Tilly’s family business strategy team provides value-added strategic counsel to family enterprises, family portfolio companies, family offices and individual family members across the entire continuum of family business growth and transition.

Regardless of their history, each family business has unique goals, widely differing personalities and unlimited combinations of interrelationships amongst individuals and entities. Your organization is complex and constantly changing.

Our team continues to put out helpful resources and tools for family-owned businesses. See below for our most recent resources.

August 2021

Preserving generational wealth through intergenerational storytelling
Baker Tilly's Gary Plaster discusses how to preserve wealth through intergenerational storytelling with Aaron and AJ Greenberg of Biograph.
Losing value to the “four Ds"
Business owners should consider putting exit strategies in place in order to avoid a forced sale caused by one of the four Ds: divorce, death disability and dispute.
What the proposed tax changes may mean to you
The Treasury Department has released detailed information about the Biden Administration’s tax proposals. Read our summary for potential changes and planning points.
The personnel perspectives of succession planning
Effective management succession begins when an owner proactively focuses on developing and retaining key personnel that demonstrate the competencies, capabilities, and potential necessary for future success.

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May 2021

Family Business Strategic Assessment
Baker Tilly’s family business strategic assessment is a diagnostic tool designed to help us get to know you and your family-owned business, as well as your goals for your family, your business and yourself.
Equal is not always fair in family businesses
In this article, Gary Plaster and Bill Wong address the question "should children not involved with the business be treated equally to those children involved with the business when it comes to ownership transfer or sale?":
Are you building a value business or lifestyle business?
Focusing on income alone does not mean the business is building value that could be transferrable in the market. Rather than business income, business owners should be focusing on building value.
Four ways operational excellence in your supply chain will create a competitive advantage
When the COVID-19 pandemic took hold in March 2020, organizations learned to be more nimble and make decisions faster; to look ahead and better anticipate what’s next in order to plan and take appropriate action. Read this article to learn how your company can build resilience and stay ahead of the market.
Gift and estate tax planning in 2021
The election is likely to bring about changes to the gift and estate tax regime and it is important for taxpayers to make use of the exemption now.
How not to ruin the next generation
On-demand interactive discussion on family wealth planning and succession issues, including the psychological effects of inheriting wealth and how to coach and develop next gen financial skills.
Return Driven Strategy for family-owned businesses
In this article, Gary A. Plaster, the “Family Business Strategist” discusses Dr. Mark L. Frigo's Return Driven Strategy for family-owned businesses
Break through barriers to success with strategic growth planning
Join Baker Tilly for an informative on-demand webinar on how to break through barriers to success with strategic growth planning.

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March 2021

Exit planning for family-owned businesses during the COVID-19 pandemic
COVID-19 has significantly influenced family-owned business owners, causing them to begin preparing for the future through succession and exit planning.
Growing your private company’s value in a time of uncertainty
Baker Tilly and Family Business Magazine prescribe practical steps family business owners can take now to handle the “next normal” and the future of their business.
Heading for the exit – A private company owners’ perspective
The last 12 months have been difficult for most private company owners, leaving many wondering if it is time to exit their businesses. However, successful exit plans require a strategic and tactical approach, often requiring assistance from outside specialists.
Wealth transfer during the COVID-19 crisis using intentionally defective grantor trusts (IDGTs)
In a recent article, Baker Tilly’s Gary Plaster runs through a series of questions with wealth and estate planning experts on how to transfer wealth through the use of IDGTs.
De-risking family business supply chains
Watch this on-demand webinar, which includes a discussion on de-risking the supply chain and how to budget for, develop and execute a plan with minimal risks and impact on your family business.
Growing the value of the business back: positioning your family business for value creation
In this on-demand webinar, Baker Tilly and Family Business Magazine discuss strategies for rebuilding growth and value for family-owned businesses.

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e-book

Strategic growth plans: the basics and barriers and the pivot to success

Executing on growth plans is a struggle for many organizations and family businesses are no exception to the challenge. Baker Tilly’s strategic growth e-book discusses the internal and external barriers companies face and provides practical steps to help implement a strategic growth plan.

Download the e-book

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Baker Tilly economic snapshot - May 2021 edition

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