Dilemmas in family business

Members of a family business assume different roles at different times. Wearing those hats is essential to mastering the dilemma at hand.

For example, sometimes you're standing in the business circle, dealing with public accountability, data-based decisions, hiring the most competent candidates, and constantly forecasting change. At the same time, you also reside in the family circle, sustaining its privacy, trust, emotional bonds, acceptance of each member and the mandate to carry on the family business and its best traditions?

Often, family business leaders are caught in the vortex between these two roles. The key to navigating the dilemmas that face families in business together is knowing what role you're playing at which time.