Founders rarely think of themselves as “owners”—at least not when they first start the business. Only years later, when the business has grown into something stable and recognizable, does ownership become important. Up until that point, though, it’s rarely if ever talked about.
The absence of this conversation can make ownership feel vague. Roles are arbitrary, and expectations are not clearly defined. That vagueness then affects the rest of the business—decision-making stalls and visions for the future are at odds.
This is why, according to Russ Haworth, families must be intentional with ownership. What does that look like? This article walks through it.
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