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 StoriesDesignCraftsmanship Across the Globe: Introducing the Winners of the 2024 WFB Design AwardsHailing everywhere from Italy to Portugal to Cincinnati to Washington, D.C., to Brazil to Chicago (by way of Poland), the recipients of this year’s WFB Design Awards prove, through sweat and creativity, that true craftsmanship has no borders.Machines/ToolsMeet the Repairman Turning Edgers Into ArtworkContractingWhat’s Your Top Advice for When Things Get Slow?DesignWhite Oak vs. Red Oak: As Pressure Increases on White Oak, Red Oak Is a Versatile AlternativeSponsor ContentIntroducing Color Theory for Custom Wood Finishing
