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Compass for Entrepreneurial Families

Key Takeaways from Unit 3

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Navigating Ownership is not a simple feat; however you can increase your success rate by including your crew and defining roles and responsibilities. We’ve seen that a good owner is not necessarily the best manager; you will always need to adjust to turbulence and ever changing tides. Keep challenging your assumptions, it keeps the mind sharp.

  1. There are differences between working in the business vs. working on the business
  2. Family business ownership has an evolving trajectory that, usually, increases the number of members who have ownership
  3. Owners should concentrate on long term development and value creation of the business
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