A second-gen owner and CEO of a family business saw an opportunity: to personally invest in a startup business separate from his family’s. He committed to the startup. Within a few years, his personal wealth increased substantially.
Everything was going smoothly until he noticed tension in meetings with his siblings. Even though he had invested his own money in the startup, his siblings resented his sudden success.
This is just one example of the conflict that can arise from perceived wealth “unfairness.” There are others. And they all point to the necessity of a family investment policy.
This article explains how a family investment policy can help you avoid future conflict.
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