Leaders must think about not only how much to pay managers, but also whether all should receive equal pay, whether merit plays a role, and how non-family executives should be compensated.
Talking about money can be taboo, but deeply engrained attitudes towards it can stir complex emotions, setting the stage for conflict and dysfunction.
A family’s orientation towards money and wealth can harm the business and sell future generations short.
A family investment policy defines how a family manages its collective financial assets in alignment with its shared values, goals, and risk preferences.
A study of 95 loan officers reveals four factors that make lenders more willing to finance family business ownership transfers.
