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12min chapter
Jim Derry - “Culture is the lowest level of behavior you’ll tolerate” - EP.247
Think Like an Owner
Ensuring Legacy: Strategies for Family Business Success
This chapter explores how to successfully maintain a family business across generations through disciplined strategies and structured planning. Key topics include the importance of equal treatment among family members, establishing governance structures like boards and councils, and rigorous succession planning to ensure business continuity. Additionally, it emphasizes the vital balance between business prosperity and family harmony, with a focus on community involvement and the complexities of share ownership transfer.
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