For the family business, the biggest uninsurable risk may be – the family!
Few family business owners think of managing risk and family members as being connected. Yet we often see the failure or success of a business driven by family members.ย For some, family members represent a trusted and committed leadership for the future.ย For others, they become an entitled and incapable legacy.
A recent column in The Economist, Reluctant heirs: Getting children to take over the family business can be hard, looks at these issues. We urge you to read it and consider the risks of your family.
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