The best way to avoid potential inter family conflict is to get the next generation engaged in family business discussions at an early age. Most of the families I talk to are concerned about making sure the next gen understands and appreciates the values and work ethic it has taken to make the family business […]
What NOT to do in Family Business
Knowing what not to do in your family business is as important as knowing what to do. Learn the mistakes others have made and how to avoid them in your family-run company.
I see too many families put off having a family meeting for any number of reasons. It’s difficult to coordinate everyone’s calendar. They’re not sure exactly how to conduct the meeting. They’re afraid they’ll get questions they don’t want to discuss. But what I’ve seen when families take the time to hold a family meeting […]