Summary

John Broons, National Family Business Advisor of the Year award winner, helps family businesses build their legacies and reclaim their family lives.

John talks to Stephanie about the differences, opportunities and challenges of family business. 'A business has a fixed time frame but a family is forever.'

Values are the foundations of a family business and understanding these values is critical to navigating the business success.

Some questions that you may consider as a member in a family business:

  • What are the rules of engagement and what are the rules about entry and exit?
  • How do family members represent the brand and who is the best person to do this?
  • Do you have a family charter that’s dynamic?

 

Transcript

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