Mike HenningMike Henning is the founder of the Henning Family Business Center in Effingham, Ill., and is the author of the Family Firm Advisor newsletter.ManagementHow to Divorce-Proof Your BusinessMarch 31, 2007Legal AdviceSteps For Passing on Your Family Wood Flooring Business• Determine if you will vote or use consensus.• Choose a simple issue to tackle first.• Look at the parameters and boundaries of the issue.• Make a rough draft of the policy and share it with others for suggestions and revisions. Rewrite the policy until it is accepted.• Make sure the policy wording includes a statement of family values, the intended long-term outcome and the policy itself.• Submit the policy to the leadership/governing body of the business for revision, approval and for legal consideration.July 31, 2003Page 1 of 1Top StoriesContractingIntroducing the Winners of the 2026 WFB Truck & Van ContestRoad-ready, strong and steady, this year’s WFB Truck & Van Contest winners brought their A game. Find out whose work vehicles won Best Exterior Graphics, Most Organized Interior, Most Unusual, Biggest Disaster and the new Exterior/Organized Combo award!TechniquesWhat Is Your Favorite White Oak Floor You’ve Ever Done?RetailBuilding Bozeman: 4 Must-Haves We Put in Our ShowroomStain/Custom ColorMy Rule Of Three: How I Match Customers With Stain Colors Right AwayNewsEnter WFB's 2026 Ultimate Wood Floor Guy/Gal Contest by Oct. 1
