My wife complains I’m a workaholic. She actually told my kids she’s considering divorce. I own my business. It does very well but it’s because I work long hours and many weekends. How can I make her understand? (more…)

My wife and I own a business with over six million in annual sales. My oldest son is getting married in about a year. He works for us but owns no part of the business. The plan is for all our kids to own shares in the company. Our attorney is suggesting we draw up a prenuptial. It feels awkward. Is a prenuptial necessary? (more…)

We are retiring after having owned two restaurants for over thirty years. My wife insists we give one each to our two sons. Our older son is irresponsible and I know he will run the business into the ground. Should we just sell the two restaurants? (more…)

It may sound silly, I would like to start my own business but I can’t decide in what. How do I narrow the choices? (more…)

My son is 23 and just graduated college with a degree in finance. I would like for him to take over the family business in 5 to 10 years. What are some suggestions for making this happen? (more…)

I was just hired to be part of a senior executive team in a company that has major fiscal and operational problems. The team seems fragmented; there’s much backbiting going on; and, everyone is in denial. The CEO may not be getting all the information he should get. This place will sink if they don’t get focused. I’m thinking of abandoning ship after only 2 months. Should I be up front with the CEO about what’s going on? (more…)

I’m 24 and work for a small information technology firm of 12 employees. I’m a good worker and actually indispensable, given that no one else in the group can do what I do. The company owners don’t seem to have direction and they have broken some promises made to me on salary and money towards furthering my education. I’m ready to quit today but my mother keeps telling me to smile and do my job, while my dad sounds furious at the owners and says to look for another job. Which side are you on? (more…)

Three months ago I became manager of a manufacturing plant of about 300 employees. There’s above average turnover and productivity is down. There are tensions between employees and management dating back years. The new owners are very supportive. I can’t get straight answers from employees about what’s wrong. It’s not clear where I should go from here. (more…)

I’ve been working at an IT company of 12 employees for the past 18 months. I’m at the hub of all key projects. My problem is that my two owner-bosses assign projects without talking to each other. In the meantime, I have to support all ongoing work and I’m feeling overworked and underpaid. I generally work 12 hour days and some weekend time. I love the company and the work. But, at this rate I’m going to burn out soon. Any suggestions? (more…)

I’m 62 and own a successful business I started thirty years ago. I’m married and have a great wife and successful kids who have careers outside the family business. My problem is I’m not excited about going into work anymore. I’m busy and I’m good at what I do but I don’t have the old fire in the belly I used to have. I have thoughts of selling the business but I don’t know what else I’d do. Any suggestions? (more…)