Reciprocity Mindset

Here’s Why You Need a ‘Business Plan’ for Your Family

As an entrepreneur, you wouldn’t dream of trying to build a company or seek out funding for a big new venture without a detailed business plan. But chances are you’ve never once thought about creating a similar type of plan for your most important asset: your family.

  • A businesslike plan for your family can empower kids with resiliency and life skills and foster stronger family bonds.
  • Set family-based SMART goals and smaller action steps to achieve them.
  • Accountability is key – you need family “buy in” to make your plan work.

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Business Plan For Your Family

Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.