December, 2009 marked the end of 21 years of publishing
Mike Henning's Family Firm Advisor Newsletter. This included 252 issues
and 1,764 articles and Mike Henning decided to replaced it with the News
& Insights.
We at HospitalityEducators.com are delighted that Mike will share his
monthly column with our members and readers. Family businesses are a
very complex thing and we believe you will find value in the
communications and messages of Mike Henning as he continues to do his
best to serve the business owning family communities in the future. (Kathleen Hogan, MBA, Co-Founder & Publisher of HospitalityEducators.com)
The Henning Family Business Center (HFBC) is an organizational
consulting firm and seminar company committed to helping families in
business succeed and grow - year after year, generation after generation
in the hands of a competent and committed family management consultant.
The web site listed at the end of this introduction will provide a
link to consulting services and their Nine Step Consultation Process.
Established in 1985, the HFBC focuses on the four plans that make-up our
basic model. (Business, Family, Succession & Estate). Mike Henning
works to develop strategies that can help prevent and solve problems
often found in family firms. HFBC primarily works with businesses who
generate annual revenues between $3 million - $500 million.
http://www.mikehenning.com/consulting/index.cfm
Family-Owned and Closely-held private companies ...
are an integral part of our nation’s economy, accounting for over 50% of U.S. GDP and generating over 60% of U.S. employment. Family-Owned and closely-held private companies also have unique issues to address, one of which is succession. In the next decade, an estimated 30% of family-owned businesses will experience a change in leadership due to retirement creating the largest intergenerational transfer of wealth in U.S. history.
Dec