FAMILY
Any family member who is not an owner or employee
BUSINESS
Any employee who is not an owner or family member
OWNERSHIP
Any owner who is not a family member
Family members who are employees
Family members who are owner-employees
Family members who are owners
Non family members who are owner-employees
- Addictive behaviours
- Spouses & in-laws exclusion
- Nepotism
- Entitlement
- Fluctuations in employee or labour pool/market
- Foreign & domestic market conditions
- External competitors
- Service/product valuations
- Currency fluctuations
- Issues of compliance
- Loss of investment capital
- Weak ownership structures
Source: Adapted from Taguiri & Davis (1982)
© Francesco Lombardo, Veritage Family Office
© Francesco Lombardo, Veritage Family Office