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