Wayne Rivers

Cartoon caricature of death
Wayne Rivers
Death and Family Business Succession Planning

We’re living longer, but that doesn’t mean you can put off planning for your store’s future Recently the Centers for Disease Control and Prevention produced a paper called “Death in the United States, 2017.” While this might seem to be a morbidly unusual article, please bear with me because this

Young boy in a business suit
Wayne Rivers
Why merit increasingly beats nepotism in family businesses

In our agrarian past, every farmer wanted 10 sons because all that free labor meant he could have a much bigger farm. The patriarch not only controlled the family business, he also generally controlled the career choices his children were allowed to make. That trend has persisted in modern family

Tom Brady and Winston Churchill
Wayne Rivers
Tom Brady, the Patriots, Winston Churchill

…and what it takes to be a winner Remember this year’s Super Bowl? Remember how it only took the New England Patriots 20 minutes to transform themselves from the most hated professional football team to comeback darlings and heroes for the ages? Midway through the third quarter, with the Atlanta

Dale Earnhardt
Wayne Rivers
The mistakes of Dale Earnhardt, Inc.

(and what you can learn from it) The lure of the family business is powerful. I live in North Carolina, a state whose allegiance to NASCAR is like no other. In NASCAR, the predominant form of organization is the family-owned business—or at least the private, closely held businesses. However, just

Family Matters
Wayne Rivers
Four Stages to Family Business Success

Understanding where your store is on its journey can help you grow. Bobby Martin has never owned a home furnishings store, but I bet a lot of home furnishings retailers can learn from him. Martin built his first company, First Research, up to the point where he could sell it

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