Defining Boundaries

business-successThe process of family business strategic planning involves establishing and defining boundaries and maintaining specific roles. Failure to define boundaries between family and business often lies at the root of many family business problems. Family business boundaries need constant maintenance if they are going to do the job for which they are intended.

By |2017-07-10T13:48:22-06:00June 30th, 2010|Categories: General|

Creating Structure Within a Family Business

business-successAs a family business grows, the need for a well-defined family business structure becomes more important in order to keep the business growing. Once the entrepreneurial stage passes, more family business structure is required to define how the founder will interface with the business and find solutions to family business issues that arise.