Family Employment Policies — Rules of Engagement

business-successEvery family business should establish a set of family business rules. These rules of engagement should encompass a policy that states how family members will be allowed to participate in the family business. The purpose of family business rules is to guide the business, and it's important to develop a written employment policy long before it is needed.

Creating Structure Within a Family Business

business-successAs a family business grows, the need for a well-defined family business structure becomes more important in order to keep the business growing. Once the entrepreneurial stage passes, more family business structure is required to define how the founder will interface with the business and find solutions to family business issues that arise.