The Thickness of Blood in Family Business (2 of 3)
Part 2: “Doing business at the wedding.” In family business we often stand at crossroads. We ask, “Who will be our new CEO?” Or, “How shall we grow our business?”
In advising, axioms are core principles or guiding truths that serve as the foundation for decision-making.
Part 2: “Doing business at the wedding.” In family business we often stand at crossroads. We ask, “Who will be our new CEO?” Or, “How shall we grow our business?”
Families in business together often suffer from the commingling of the financial ledger of tangible assets and the emotional ledger of intangible liabilities. Regardless of our professional discipline, much of our work is in service to balancing the complexities of our client’s emotional ledger.
A family in business has fallen into a cycle where one of the daughters who works in the family business has been repeatedly hospitalized for depression. There have been 6 hospitalizations in the last 4 years.
There comes a time in one’s career when the desire to pass on what has been learned grows stronger. One way I am satisfying this desire is to articulate the ideas that have been most influential in my work
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