Family businesses must make time to confront the difference between equality and fairness.
In one family business, a sibling works 60 hours a week, running the company. Meanwhile, the other sibling doesn’t work for the family business. Yet, both siblings receive the same financial returns. The founders of the business—the parents—want to ensure everything is divided equally. But equal doesn’t always mean fair.
This article shares three tools to help families redefine fairness in their business.
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