Ten Most Common Family Business Mistakes

I stumbled upon this during my reading and found it simple yet helpful. Do you recognize any of these mistakes?

1. Confuse family with business

2. Hide the organization chart

3. Keep it under your hat

4. Ignore your in-laws

5. Do it yourself

6. Save money on advice

7. Compensate everything but performance

8. Plan on retiring

9. Leave estate planning to the judge

10. Confuse success with talent

  Don Jonovic, The Ultimate Legacy

One thought on “Ten Most Common Family Business Mistakes

  1. I think Confuse success with talent and Ignore your in-laws are the most common mistakes we make in family business. Because talent doesn’t always mean success and the in-laws are actually our family.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s