Family members typically list the following pluses and minuses…

Family members typically list the following pluses and minuses of owning a business together: Benefits -Opportunity to work together. -Our mutual trust strengthens the family and the business. -Opportunity to create wealth. -Offers a means to pass values on to our children. - Earns us respect in the community. -Gives us greater influence than we would have as individuals. Disadvantages -Potential for personal conflict. -Potential for disappointment when personal goals are not realized (e.g. getting a promotion or having one's ideas accepted). -Too many financial eggs in one basket - the business. -Loss of privacy resulting from greater visibility in the community. - Vulnerability to criticism from outside the family.

— from True North (Ethics, Integrity, Truth, Values)

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