The balance sheet is stable, there is high customer demand, and the business continues to generate a high volume of cash. Everything is in order. Or so it seems.
It’s not uncommon to look at the business’s numbers to determine its health. But positive financial performance doesn’t indicate the true health of a family business. Instead, it masks structural and relational issues.
The business grows, and revenue remains strong, but often problems simmer beneath: sibling resentment about unfair treatment; founder resistance to relinquishing control; and old grudges grow.
What are the warning signs that a profitable family business is actually relationally unhealthy? This article has the answer.
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