More often than not, business families turn to consultants and coaches when business is tough. Over the years we have spoken to a vast number of families, who mostly blamed the failure of the family business on bad wealth planning.
The more we engage with these families, the clearer the pattern becomes: Money is rarely the reason behind the failure. The main reasons, in fact, are all related to complicated relationships leading to problematic family dynamics.
In this article we explore three issues that – according to our experience – create family discrepancies, which are common causes for family business destruction.
This article will be alternating between narrative and analysis.
Core Values Consulting 