BizTimes Milwaukee

Entrepreneurs who poured their hearts and souls into their businesses eventually find themselves near retirement, realizing they should sell before health problems or other matters force the issue. Although many are well-prepared for the sale itself, few are ready for the next step: managing a large sum of money from the proceeds. Most don't want to “jinx” the deal before it's final or are still are too busy running the business. But the reality is, this will be one of the owner's most critical – and emotional – business decisions.

While outlaws and rebels are often pushed to the fringes of society, a duo of authors argues that today's entrepreneurs can learn from their innovation tactics.

Milwaukee-based ER Wagner Manufacturing Co. Inc. is in the process of acquiring 32 acres of land in Menomonee Falls, according to president and chief executive officer Lew Schildkraut. The property is located east of Highway 41/45 on Old Orchard Road. The scheduled closing date is Aug. 20. The company is considering plans to relocate its operations to the site.

State officials are pushing for a quick federal court ruling that will allow Wisconsin to drug test single, able-bodied adults who get food stamps. The plea to the courts came shortly after Gov. Scott Walker signed the 2015-'17 state budget bill that included the drug-testing idea.

Walker is running for president and often mentions his drug testing provisions in stops across America. Those who test positive would need to get help, or they eventually would lose food stamp eligibility.

Daniel BuehrleRegional managing director, Principal Financial Group10200 Innovation Drive, Suite 800, Wauwatosawww.principal.com/wisconsin Industry: Employee benefits and asset managementEmployees: 125...

Milwaukee-based Harley-Davidson Inc. recalled 185,000 motorcycles in July to address an issue with loose saddlebags.

There are no guarantees that social media will succeed for your business or organization. But if it's not delivering the results you had hoped for, here are three possible reasons why:

Glendale-based Johnson Controls Inc. recently announced it plans to spin off its Automotive Experience business to create a separate company.

The tax-free split would form a new publicly traded company, and is expected to be finished in about a year. Johnson Controls did not say where the new company will be based.

Nahid Afsari Vice president of the Wisconsin Group Cotter Consulting Inc. 735 N. Water St., Suite 1101, Milwaukee Industry: Construction management Employees: 16 www.cotterconsulting.com Nahid Afsari...