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Understanding the Family Business
book

Understanding the Family Business

by Keanon J. Alderson
May 2018
Beginner content levelBeginner
162 pages
3h 55m
English
Business Expert Press
Content preview from Understanding the Family Business

Appendix D

Family Business Checklist

Questions for the Family

  1. Do we have a valid business plan?

  2. Do we have a mission statement?

  3. Are our company values clear?

  4. Do we have a strategic plan for the business?

  5. Do we have a family business constitution?

  6. How will we make decisions? Who will make decisions?

  7. Does the business have specific sales and profit goals?

  8. Are the family business goals agreed on by the family?

  9. How do family members feel about selling the business outside of the family?

10. Should we work with consultants? Under what circumstances?

11. Is there a fair compensation and reward system for family as well as nonfamily members?

12. Is the compensation system based on market value?

13. Is ...

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Publisher Resources

ISBN: 9781631575747