TIPS FOR THE TRUMP FAMILYOwnership Transitions
Business ownership transitions are challenging for everyone – and the President-Elect’s family is no exception! Washington Post reporter Tom Heath asked David Gage, founder of BMC Associates, what advice he would have for the Trumps… and other business owners, especially those passing on ownership to more than one person in the next generation. [OR… especially those that create partners in the next generation.] With 25 years of experience working with family and non-family business partners, David shared with him lessons and advice, which the Post published in this short article:
Featured AssociateDonna Hart Gage, Ph.D., R.N.  Disciplines: Consultant and Mediator
Dr. Donna Gage is back! After taking a two-year leave from BMC to serve as the Chief Nursing Officer at the VA’s headquarters in Washington, Donna is working again with BMC Associates. At the Veterans Health Administration, Donna oversaw more than 90,000 nursing service personnel in the country’s largest integrated health care system with over 1,700 facilities. A nursing executive with more than 25 years of experience, she is a transformational leader who has collaborated with all disciplines to create supportive professional practice environments. Besides mediating with BMC’s clients around the country, Donna’s specialty is consulting to nursing executives on issues related to hospital and nursing leadership, union relations, operations and strategy.
Featured PodcastThis podcast presents an interesting interview with Will Kaplan, an entrepreneur in the wealth advisory industry who's seen numerous partnerships end in business and interpersonal mishap. He recounts how he steered around many of these partnerships while paving his career path, until he found "an unbelievable resource" - The Partnership Charter. Click here to listen to Will Kaplan's story.
After reading The Partnership Charter, we wanted to take it further and implement it successfully so we hired [BMC.] They did an outstanding job with us and we would not hesitate to recommend them for helping potential and active business partners to strategize and plan for their relational success. They also went above and beyond to be available for us as we navigated the bumps along the way! Top Qualities: Great Results, High Integrity, Creative. — Howard Rabotnick, Partner, regional construction and service firm