Rock Around the Block - The Blog of Rock LaManna

Succession or Exit? Know the Difference

Posted by Rock LaManna on Sat, Nov 3, 2018 @ 19:11 PM

I hear the terms “succession planning” and “exit planning” a lot. Often, printing business owners confuse the terms. Let's go over each to make sure you're in a power position to consider your future moves and decisions. 

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Topics: Succession Planning, Family Business

My Father: Innovation and Legacies

Posted by Rock LaManna on Fri, Jun 8, 2018 @ 13:06 PM

As we approach Father's Day, I want to take a look back at my father's career and his legacy. As a man in his 90s, Carlo LaManna has much to look back on with pride.

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Topics: Rock's Story, Family Business

How Channeled Resources Overcame the 7 Challenges of Family-Owned Businesses

Posted by Rock LaManna on Sun, Oct 1, 2017 @ 16:10 PM

 

 

Family-owned businesses, when they work, draw tremendous strength from their emotional firepower.  Learn more about seven challenges of a family business, and how one family has persevered through them.

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Topics: Family Business

What do Donald Trump and the Chicago Cubs Have in Common?

Posted by Rock LaManna on Thu, Dec 8, 2016 @ 08:12 AM

The first answer is obvious: They both pulled off stunning victories in the fall of 2016. The second answer is not: They are both products of successful family businesses. Let’s take a look at why their family business structures work -- even against all odds.

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Topics: Family Business

Lessons Learned: How My Father Sold His Business

Posted by Rock LaManna on Wed, Mar 18, 2015 @ 08:03 AM


When I started working for my father at Vomela in 1975, I knew virtually nothing about the business. But through the years, he would teach me countless life lessons about owning a company and creating a vision to successfully sell a business. 

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Topics: Selling Your Business, Succession Planning, Family Business, M&A, Rock's Story

"Separate Worlds" Help Avoid Family Business Problems

Posted by Rock LaManna on Wed, Nov 19, 2014 @ 08:11 AM

George Costanza once learned that “worlds colliding” can kill a relationship. The same holds true when a family sells its business, as family issues clash with business objectives. To reduce friction, you’ll need to separate these two systems of your family business.

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Topics: Family Business, M&A, Selling Your Business

Don’t Ask Your Parents When They Will Retire from the Family Business

Posted by Rock LaManna on Wed, Jun 18, 2014 @ 09:06 AM

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Topics: Family Business, M&A, Succession Planning

Relief Without Confrontation from a Family Business Conflict

Posted by Rock LaManna on Wed, Oct 23, 2013 @ 09:10 AM

Did you ever notice how a family business conflict can last for years, even though everyone wants it desperately to end?  That’s because no one wants to take that first step and confront another family member. Here’s a better alternative:  Talk about your problem with someone outside the family.

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Topics: Strategy, Family Business

The “Do Nothing” Conspiracy That Derails Succession Planning

Posted by Rock LaManna on Wed, Aug 28, 2013 @ 09:08 AM

As part of my upcoming presentation at PRINT 13 on “Making Big Decisions: Will Doing Nothing Destroy My Business?” I tapped our family business guru Tom Hubler.  I asked why family businesses opt to “do nothing” instead of pursuing strategic transitions like succession planning.  That’s when he introduced me to the Family Business “Do Nothing” Conspiracy.

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Topics: Succession Planning, Family Business

A Little Known Cause for a Family Business Conflict

Posted by Rock LaManna on Wed, Jul 31, 2013 @ 09:07 AM

Psychologists are familiar with the term “transference,” but most owners don’t realize this is often the cause of a family business conflict.  It’s a problem they don’t teach you about in business school, yet affects owners, vendors and employees.

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Topics: Family Business, Strategy