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Running a family business isn’t just about the numbers. It’s about understanding the bigger picture—personal goals, family dynamics, and what truly matters to everyone involved.

Author

Anthony J. Mangiarelli's headshot

Anthony J. Mangiarelli

Partner, Director of Strategic Business Solutions

Every individual in a family business brings something unique to the table, and recognizing those strengths is essential. At the same time, you need to ensure that work challenges don’t carry over and impact family life.

Taking the time to understand family dynamics is key. Honest, open conversations are necessary to clarify everyone’s role, align goals, and figure out the long-term vision—whether that means growing the business to pass it on to the next generation or determining that the best path forward is to sell.

A Business Built on Family - and Hard Lessons

Growing up in my family’s business, Mangiarelli’s Fruitland, a fruit and meat market, I saw firsthand how complex and emotional these dynamics can be. Balancing the demands of running the business with family relationships was no small task. That experience taught me how important it is to have a clear strategy for navigating those challenges while keeping the business’s needs in focus.

When a Deal Goes Wrong: What I Learned From Losing Everything

In my own experience, poor advice during the sale of our family business nearly forced me to leave school. Instead of using a bank loan to finance the sale, my father chose to hold the loan himself, hoping for more profit in the long run. Unfortunately, the buyer went bankrupt, leaving us with nothing. That experience was a pivotal lesson in the value of outside perspectives and sound financial advice.

Real Advice from Real Experience - Not Just Numbers

Today, my passion is helping business owners avoid similar pitfalls. At KLR, we provide more than just financial expertise. We act as an unbiased third party, offering thoughtful advice that takes emotions out of the equation and focuses on achieving the best outcomes for your business and your family. We also connect clients with other CEOs and business owners, so they can share experiences and learn from other owners facing similar challenges.

More Than Accountants

For over 20 years, I’ve worked closely with families to help them grow their businesses and transition them to the next generation. I’ve led hundreds of open and honest conversations, ensuring that differing opinions don’t lead to hurt feelings and that everyone’s voice is heard. I’ve also helped businesses that have outgrown their current accountants navigate more complex challenges, such as state and local tax issues.

At KLR, we’re not just transactional CPAs; we’re partners who genuinely care about your success. Whether you’re planning your next big move, preparing for succession, or simply looking for a trusted advisor, we’re here to help you achieve your goals.

Why Experience Matters

As a business owner, you know how important trust is when it comes to the advisors you rely on. At KLR, our approach is simple: we show up, answer the phone, and stay by your side, offering insights backed by decades of experience. We provide honest, thoughtful advice to help you make the best decisions for your business and your family.

Let’s Build a Legacy - Together

When you work with us, you’re not just getting a vendor relationship—you’re gaining a trusted partner who’s invested in your success. My own experiences have shaped my commitment to helping business owners avoid costly mistakes and seize every opportunity.

Learn more about how KLR can help you build lasting success for generations to come.

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