Owning and managing your own family business is rewarding. Yet it can be a stressful and lonely job. So many things to do, so many great opportunities, so little time, such limited resources, so many people, so many problems. Where has it all gone? How long do I keep going? How can I regain control? How I do pass the business on? When can I retire?
The top 12 issues facing family business:
1. Succession planning
2. Family remuneration
3. Ownership structures
4. Family creed
5. Family members not in the business
6. Non-family management
7. Bringing family members into the business
8. Resolving conflicts
9. Strategic planning
10. Financial structures
11. Preserving wealth
12. Retirement and estate planning
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