In most family-owned businesses, neither family first nor business first is the answer. Families typically find that a more balanced approach is best for the longer term interests of both the business and the family. Achieving the balance requires that the overlapping relationship between the family and the business be managed, not left to chance. This course will provide participants with a greater understanding of the "three circle concept" (family, business and ownership), why the three common reasons for failure are family based and go through the seven overlapping areas of the family and the business.

Approval Date: 04/05

Mike Henning 6 credits; 3-hour course Specialty: