Establishing a family retreat structure can enhance familial bonds and shared values similar to successful business practices. Regular family meetings foster clear communication and organization, akin to operational structures in businesses. A family crest can symbolize shared identity, while a family mission statement and values guide actions and decisions. Creating traditions, rituals, and habits invests in individual growth and reinforces family unity. Additionally, a family constitution, much like a national one, can articulate core philosophies and lessons, providing future generations with guiding principles and allowing for adaptability through changing times.
Garrett Gunderson is the founder of Wealth Factory, a company that provides personal financial education, guidance and family legacy programs for entrepreneurs, professionals and small business owners.
He is also the New York Times bestselling author of Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity.
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