Over the years, I've really enjoyed working with the various people at Family Business Magazine, and am honored to have another article, titled "A Dividend Policy Helps to Ensure Predictability and Family Harmony", published in the current edition.
I've had many questions over the last few years about how family businesses should make distributions to owners, and I finally wrote my thoughts on the topic.
Being thoughtful on this topic, involving the various family owners in documenting philosophy and approach, can go a long way toward building family harmony.
Discover how a thoughtfully designed family bank can encourage entrepreneurship, support future family leaders, and create lasting opportunities.
Discover how successful family businesses help the next generation build responsibility, entrepreneurial thinking, and leadership while avoiding entitlement.
Should your family business prioritize current income or future growth? Learn how strategic planning and governance shape long-term success.
Explore the governance, engagement, leadership, and operational challenges facing large family offices as they support families across generations.
Learn how a family business dividend policy creates predictability, supports family harmony, and balances current distributions with long-term growth.
Learn how intentional celebration strengthens family business culture, reinforces shared values, and inspires loyalty across generations.
Learn how family businesses can foster innovation, encourage new ideas, and build a culture that supports growth while honoring family values.
As family businesses grow, formal policies become essential. Learn how clear guidelines support governance, reduce confusion, and strengthen continuity.
When should a family member join the family business? Explore readiness, expectations, and the role of family employment policies.
Understand how strategic plans and business plans differ, and why both matter for guiding growth, governance, and long-term success in family enterprises.
