The interests of the entire family may not be balanced with the interests of their business. For example, if a family needs its business to distribute funds for living expenses a… See more

The challenge for business families is that family, ownership, and business roles involve … See more

A genogram is an organization chart for the family. It is an enhanced family tree that shows not only family events like births and deaths, but also indicates the relationships (close, conf… See more

All businesses require planning, but business families face the additional planning task of balancing family and business demands. There are five critical issues whe… See more

Fairness is a fundamental issue in family business decision-making. Solutions that are perceived as fair by the family and business stakeholders are more likely to be accepted a… See more