11.
How to Be Responsible with the Wealth of Your Family Business
As a thirty-eight-year-old family member working in her family furniture business, Judy knows that more than 90 percent of her personal wealth is tied up in the business. The company has had a great run, creating wealth for her entire family. But now, with people starting to whisper that Judy will be the company’s next leader, the wealth of the family may soon be her direct responsibility. How does she continue to build that wealth, ensuring that she doesn’t “mess up” what has been three generations of success? Should she focus on continuing to generate healthy dividends for the family rather than investing in innovation that may or may not pay off? Should she consider taking ...
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