Get Continuity Right in Your Family Enterprise

As enterprising families expand across generations, they often stray from their entrepreneurial wealth creation roots to a more risk-averse wealth-protection mode. However, if maintaining shared family capital across multiple generations is the goal, wealth protection mode is not an ideal strategy and may have some unintended consequences. Building on the framework of sustaining wealth through a shared family capital strategy, this paper discusses promoting wealth resiliency and growth that generates positive outcomes and well-defined answers around the family’s “why, who, what, and how” to support key strategic decisions around human capital and operations for the family and enterprise.