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I was a wholesale diamond trader for 25 years. I worked deep in the heart of the famous Forty-Seventh Street Diamond District of Manhattan. When I tell people this, the first thing they ask me is, “Is it true that you guys make handshake agreements for millions of dollars?” Read More

Before writing a succession plan off as just another tough decision, consider this: While 81 percent of family owned businesses want the business to stay in the family, studies have shown that without a succession plan in place, 70 percent of family businesses don’t survive to the second generation Read More