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 StoriesRecoatingHow We Do These Floors: Recoating The Worst of the WorstWe dialed in a recoating process that worked, even on the most demanding jobs—here’s my advice for a recoating process that works.Stain/Custom ColorPrevent This Common Complaint: The Stain Won’t DryRetailGoing the Distance: See the Winners of the 2026 WFB Outstanding Retailer AwardsNewsEnter WFB's 2026 Ultimate Wood Floor Guy/Gal Contest by Oct. 1Sponsor ContentThink Like A Brand: Why Your Flooring Business Needs A Real Identity
