Legal Research

Fou You & Your Clients - "5 Tips for Nonfamily Managers in a Family-Owned Business"

This post was written by StephanieWestAllen: "As with any conflict, family disputes can be difficult--and they can also be fruitful. From "Advice to nonfamily managers" (BusinessWorld Online):

Conflict among family members in a business can be normal, but it can also present the greatest source of difficulty and discomfort for nonfamily managers.

...

The author gives 5 tips:

• First, as much as possible, enhance the trust among the siblings because the more they trust each other, the less they will fight.
• Second, encourage a greater flow of information.
• Third, assist in preparing the successor.
• Fourth, encourage accountability in the organization.
• Fifth, make sure not to take sides with one generation or the other.

For a more about each of these tips, read the article."

Full text and active links are available by clicking on the author's name.

Source: idealawg, 11 March 2010, reproduced with permission of the author.

Full post as published by Stark County Law Library Blawg on March 12, 2010 (boomark / email).