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Front Office

Categories: Company Management

You can divide business into two segments: front office and back office. It's kind of the attractive, outgoing, friendly people vs. the hideous (but talented) trolls who actually make the products a company sells.

Front office people deal with customers. We're talking receptionists, sales staff, marketing experts, and high-ranking executives. Meanwhile, the back office does all the grunt work of making the product and perfecting operations. Warehouse employees, accountants, truck drivers...those kinds of folks.

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Finance: What are Family Offices?0 Views

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Finance allah shmoop what Our family offices Yes yes It's

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a michelman Only three payments of nineteen ninety five and

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it's yours the windy blaster party pack All right so

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this was the founding the great michelman family empire finest

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purveyors of whoopee cushions finger traps and buggers and fake

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dog doo doo While the company rose to great prominence

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and eventually sold itself to a large private equity firm

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for billions Now it has to manage its own money

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as grandpappy michelman said at the closing dinner we no

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longer own our whoopee cushions and we no longer own

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our wealth It owns us on then he just died

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Sorry loved him So the michelman family hard their trusty

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broker one of their lawyers and a banker to comprise

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their family office Another word for awhile Just they're investing

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vehicle in creating a family office Everything is simplified because

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while usually every family member has a set steak or

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ownership percentage in the investing returns and proceeds from their

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collectively managed family office and the michelman family office Invest

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their capital and stocks and bonds and private equity and

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hedge funds and venture capital and real estate and commodities

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And well anything or anywhere the people who run that

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family office believe that they can make bank it's the

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family office through which they would seek to grow their

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capital their wealth their footprint in the world by making

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smart investments in the future So yeah get yourself the

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windy blaster party pack there A huge hit in north 00:01:39.993 --> [endTime] korea Ok maybe not in north korea girls

Find other enlightening terms in Shmoop Finance Genius Bar(f)