Multigenerational Living

A Formula for Thoughtful Decision-Making in a Family Business

Conflict has sunk more than a few family businesses over time. To avoid it as much as possible – and navigate it when it inevitably rears its head – owners of family businesses need to adopt a thoughtful, calculated approach to decision-making.

  • Conflict among family members can sink a business – especially when children clash with Mom or Dad.
  • Values and economics must be considered and balanced when families make choices involving their business.
  • Pro formas – formal financial statements – should be created for each venture within a family business.

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formula for decision making in a family business

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.