The Family Business Parallel Universe -

Survival and growth in the family business parallel universe require clear boundaries that protect both the enterprise and the family relationships.

The corporate world solves succession with a search committee and a headhunter. The family business solves succession with tears, therapy, and occasionally, litigation. the family business parallel universe

While public corporations are forced to think quarter-to-quarter to please Wall Street, family businesses can think generation-to-generation. They can afford to invest in relationships, survive economic downturns without immediate layoffs, and protect their core values. When the family system and the business system align perfectly, they create an incredibly resilient enterprise. Survival and growth in the family business parallel

The trick is knowing exactly which universe you are standing in at any given moment—and choosing the right set of rules to guide your next move. The trick is knowing exactly which universe you

This transition often gives rise to distinct archetypes within the parallel universe: