We discussed a few things including:
1. Len and Bud's professional and entrepreneurial journeys
2. Family businesses, the opportunities and challenges
3. Family business dynamics: favoritism, spouses/in-laws, non-family mgmt/outsiders, death
4. Outlook and trends in business and how they might affect family businesses
Leonard C. Green is a CPA, MBA, and Entrepreneur. Len is founder of The Green Group, which is a provider of Tax, Accounting, and Consulting Services.
Len is also involved in 14 businesses in diverse markets. He is one of the original investors of the NASDAQ publicly traded Blue Buffalo pet food company, the fifth largest company in the United States in this category. In addition, his involvement includes a financial services firm, real estate, thoroughbred horses, sports, a couple of publicly traded businesses, and several charities. Len also sits on the Board of Directors for a number of companies and foundations.
In the past 20 years, Len has taught two of the most highly rated entrepreneurial courses at Babson College - one structured similar to Donald Trump's Apprentice TV series, and the other a family business/social entrepreneurship business course. His classes have been featured on CNBC Squawk Box and ABC TV.
His featured articles on family business succession planning, company evaluations, structuring organizations, and maximizing tax deductions have appeared in over 200 newspapers across the country including the Wall Street Journal, New York Post, Star-Ledger, Boston Globe, Entrepreneur Magazine, INC Magazine, Forbes, and the CEO Forum.
Len's best-selling book “The Entrepreneurial Playbook” has been translated in Chinese and Arabic.
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Bernard J. D’Avella, Jr. ('Bud') is an experienced attorney and mediator who has advised or led family businesses for his entire professional life. From age 12, Mr. D’Avella worked in his father’s pharmacy, which he went on to help manage in his late teen years.
He relied heavily on that family business experience to become one of the most respected thought leaders in the area of family business and estate planning law, where he has focused his advisory practice for over 45 years.
From 1973 to 1998, Mr. D’Avella represented family businesses and was the managing partner for 11 years at Hannoch Weisman, the second largest law firm in New Jersey. From 1998 - 2011, Mr. D’Avella combined his lifetime of legal and family business experience as President and Chief Operating Officer of Prudent Publishing Company, a mid-eight figure family-owned business based near his home in northern New Jersey.
Bud is an author and conference speaker on topics pertaining to family business, and is a sought-after consultant and advisor to family businesses.
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