EricManterfield

Recent Articles

Have a plan to motivate and keep key employees

December 29, 2008
The success of many closely held businesses is dependent on their key employees. These employees may not be family members and probably will never be owners of the business. Nevertheless, their efforts help increase the value of the business.
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FAMILY BUSINESS: Who will protect your family, business when you're gone?

December 31, 2007
No one is immortal, of course. When you are no longer able to do so, who will preserve your business and protect your family as you do today? There are two interrelated aspects to this simple question: Who will manage the business and who will be trustee of any trusts you may create for your family? A critical element of family businesssuccession planning is the selection and training of the next generation of managers. Can more than one child serve...
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FAMILY BUSINESS: Circumstances dictate different stock for different children

August 27, 2007
Most owners of a family business have one class of common, voting stock. One challenge faced by these owners is how to divide the stock among their children, who may have very different personal circumstances. It may not make sense to give each child the same stock. Suppose, for example, that you have three children: Your daughter is active in the business and is married with two young children. Unfortunately, her marriage is troubled and a divorce is not out...
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FAMILY BUSINESS: Warning: Inevitable conflicts ahead for siblings

April 30, 2007
If you have at least one child working with you in the family business, it is virtually inevitable that conflicts among your children will arise at your incapacity or death. You may have a "business child" and a "non-business child." So long as you are alive and well, you can resolve any conflicts between them. But what happens when you become incapacitated or die? Sibling rivalry can not only destroy what you have worked so hard to build, but it...
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FAMILY BUSINESS: Reorganize family business to treat all children fairly

July 31, 2006
Many family-business owners have children who work with them in the business as well as children who do not. The challenge they face is simply put: How can they treat fairly those children who will not inherit the business? There may not be enough non-business assets to give to the children who don't work in the business. Life insurance, payable to the non-business children, is sometimes suggested, if the business owner is insurable and the premiums are affordable. Some estate...
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FAMILY BUSINESS: Indiana Square damage offers lesson in disaster planning

April 24, 2006
The incident drove home the importance of disaster planning. When the storm struck at 10 p.m. that Sunday, who was prepared for the emergency? Employees were told not to come in the next morning, but how would they do their jobs? What files could be retrieved? Would computer systems work on Monday and later that week? What would happen to incoming and outgoing telephone and e-mail messages? The questions and potential problems were endless. Each owner of a family business...
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FAMILY BUSINESS: Are you protecting your business from potential disasters?

September 26, 2005
The recent news from New Orleans and Mississippi points out the need for family businesses to have disasterrecovery plans. Fortunately, we have little in Indiana to worry about from hurricanes, but other disasters are not uncommon. Consider the possi ble catastrophes that might strike your business. What have you done to protect the business against the consequences? Business-continuation and other insurance can mitigate the consequences of a wholesale destruction of your business facilities after a tornado or other natural disaster....
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FAMILY BUSINESS: Consider having lawyer audit your business Small doses of advice from all of the professionals you consult with can prevent serious problems in the future

February 28, 2005
Many family business owners view their lawyer as a necessary evil. It's almost as though we carry some deadly disease; call your lawyer only when the life of your business depends on it! But just as physicians have learned to control smallpox with small doses of vac cine, administered over time, the owners of a family business can also use regular doses of lawyers and other advisers to minimize the risks of the many problems that can put your business...
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  1. I am a Lyft driver who is a licensed CDL professional driver. ALL Lyft drivers take pride in providing quality service to the Indianapolis and surrounding areas, and we take the safety of our passengers and the public seriously.(passengers are required to put seat belts on when they get in our cars) We do go through background checks, driving records are checked as are the personal cars we drive, (these are OUR private cars we use) Unlike taxi cabs and their drivers Lyft (and yes Uber) provide passengers with a clean car inside and out, a friendly and courteous driver, and who is dressed appropriately and is groomed appropriately. I go so far as to offer mints, candy and/or small bottle of water to the my customers. It's a mutual respect between driver and passenger. With Best Regards

  2. to be the big fish in the little pond of IRL midwest racin' when yer up against Racin' Gardner

  3. In the first sentance "As a resident of one of these new Carmel Apartments the issue the local governments need to discuss are build quality & price." need a way to edit

  4. As a resident of one of these new Carmel Apartments the issue the local governments need to discuss is build quality & price. First none of these places is worth $1100 for a one bedroom. Downtown Carmel or Keystone at the Crossing in Indy. It doesn't matter. All require you to get in your car to get just about anywhere you need to go. I'm in one of the Carmel apartments now where after just 2.5 short years one of the kitchen cabinet doors is crooked and lawn and property maintenance seems to be lacking my old Indianapolis apartment which cost $300 less. This is one of the new star apartments. As they keep building throughout the area "deals" will start popping up creating shoppers. If your property is falling apart after year 3 what will it look like after year 5 or 10??? Why would one stay here if they could move to a new Broad Ripple in 2 to 3 years or another part of the Far Northside?? The complexes aren't going to let the "poor" move in without local permission so that's not that problem, but it the occupancy rate drops suddenly because the "Young" people moved back to Indy then look out.

  5. Why are you so concerned about Ace hardware? I don't understand why anyone goes there! Every time ive gone in the past, they don't have what I need and I end up going to the big box stores. I understand the service aspect and that they try to be helpful but if they are going to survive I think they might need to carry more specialty parts.

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