Policies Before the Need Wise business-owning families recognize that…

Policies Before the Need Wise business-owning families recognize that predictable issues are going to come up that will create some conflict or friction. They ask, "When this issue or that one arises, how are we going to deal with it?" They answer that question by establishing policies before the policies are actually needed.

— from True North (Ethics, Integrity, Truth, Values) · Perpetuating the Family Business: 50 Lessons Learned from Long-Lasting Successful Families

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