Simply put, succession is the natural transition of property. Business succession is the process of choosing someone to take over your business, and developing a plan to make it work. Several questions come to mind when thinking through business succession. While lots of business owners overlook business succession planning until the last moment, it is […]
Several years ago, a friend of mine was on his way to go deer hunting with a friend over Thanksgiving weekend when they were involved in a head on collision. He ended up in the hospital for a month with a broken pelvis and multiple fractures in both legs. Fortunately, over time he recovered. His […]
Earlier this year, a childhood friend of mine died suddenly. We had not seen each other in three years, and his death hit me pretty hard. As I sat at his funeral, I wondered whether he had life insurance, a trust, or a will, and whether his family would be okay if they hadn’t prepared […]
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Dealing with right-of-way and easement agreements can be an intimidating and challenging process for many landowners. While wind, gas, oil, solar, and cell towers provide irreplaceable services to homes and businesses all across the United States these also place a burden on the land. Because many of these facilities must be constructed upon privately owned […]
How do we strengthen Tulsa’s rich sense of community? What if . . . Using urban agriculture, we can establish Tulsa as a nationally recognized food system innovation district combining the existing initiatives of farm to table, buy fresh, buy local, urban farming, new urbanism, intentional communities, and STEM? Create entrepreneurial opportunities while providing education […]
Corporate Compliance The biggest challenge with corporate compliance is the potential operational drag on the organization. In the bigger picture, management needs to ensure any proposed control either maintains or improves operational efficiencies. Subject matter experts (SME) don’t always think from the perspective of executive management. The executive management team is concerned with profit, growth, […]
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As a landowner, it can be hard to determine what your rights are when a company begins to negotiate an easement agreement. There are 5 fundamental rules to negotiating an easement regardless of the type of agreement. Make sure what you agree to is in the agreement Just because the right-of-way agent says it, doesn’t […]
Diversity Focuses on Differences and not Commonalities I don’t like the word diversity. I like the word unity better. Merriam Webster defines diversity plural diversities 1 : the condition of having or being composed of differing elements : variety; especially : the inclusion of different types of people (such as people of different races or cultures) […]
The Business Case What if you could . . . . Working together on 100 acres of land in you could create a food system innovation district generating $10,000,000 in annual revenue and 220 jobs and over $100,000,000 and 2,200 jobs over the next 10 years? Provide access to fresh produce to your congregations? Provide […]
Why Incubate? Nonprofit organizations are considering worker-owned business development as a tool for community economic development. Worker-owned businesses and cooperatives often align with the mission of the nonprofit organizations that are seeking to build economic empowerment and opportunity. For more information about the ins and outs of using a non-profit cooperative as the sponsoring organization […]
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