The only way we can achieve results through other people is if we maintain specific roles and understand the need for boundaries. When we define roles, responsibilities, accountability, ownership and private matters, we are creating boundaries. This is, in effect, strategic planning for your family business. Family members must not meddle in areas for which …
Creating Structure Within a Family Business
In the entrepreneurial stage, we have a picture in our heads of everyone connecting and reporting to the president. In the end, this picture is impossible. The moment a founder can get past this, be a strategic planner, and put some structure into the business, the better the end result will be. Those of us …
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