In this brief blog I have tried to be a reporter of the sides in this argument over working and non-working owners in the belief that there are always different truths to be found in different viewpoints. However, the argument can only be settled by each family doing that they feel is right for them, and others (including advisers) should respectively refrain from passing judgement.
Read MoreThere is no right answer or best practice that works for every family enterprise when it comes to the role of spouses or partners in the family enterprise, so I have tried to present the strongest arguments I can find on both sides.
Read MoreThe shared purpose in a family enterprise is the set of goals, objectives or outcomes that the owners are striving to achieve through being in business together, whether that is a commercial business or a family office, or both.
It is helpful to know that research on this matter has established that while families consistently prioritise financial concerns, they also consider non-financial objectives to be highly important.
Read this informative article to learn more about the role of shared purpose in family enterprises.
Read More