Appendix D
Questions for the Family
- Do we have a valid business plan?
- Do we have a mission statement?
- Are our company values clear?
- Do we have a strategic plan for the business?
- Do we have a family business constitution?
- How will we make decisions? Who will make decisions?
- Does the business have specific sales and profit goals?
- Are the family business goals agreed on by the family?
- How do family members feel about selling the business outside of the family?
- Should we work with consultants? Under what circumstances?
- Is there a fair compensation and reward system for family as well as nonfamily members?
- Is the compensation system based on market value?
- Is there an employee performance appraisal system?
- Who should evaluate ...
Get Understanding The Family Business now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
