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On Family Values
Often it is the values of a family business that distinguish it from other companies.
Personal views
“ We had to decide whether we wanted to be more comfortable or drive the business.”
“ Look after the business and the business will look after you.”
“ Family businesses have a huge survival instinct.”
“ The business comes first, the family second.”
“ A family culture is a great asset to a business, but the employees must see that it is governed fairly.”
“ The business is not ours to sell. It’s ours to hand on.”
“ Our mission is to sustain, develop and create family wealth“
“ The primary purpose of business is to create products and services that people value”
“ It’s important to sort out what are the values and the vision. Families must understand the values and vision if they are going to communicate with the people running the business.”
“ Family members may be more gullible because they are more benevolent.”
“ The family business for us is very much a bond.”
“ Treat people with respect.”
“ It is important to be able to discuss the undiscussable.”
“ Values create a common language of trust inside and outside the family business.”
“ Raising your children to value money can be a challenge”
“ It is essential to have trust”
“ Be prepared to ask for advice”
“ Values need to be lived, not just espoused”
“ Be caring and sensitive, but not over-sentimental”
“ There is an emotional attachment to the business that has to be severed”
“ Working together as a family is a strength and a weakness”
“ Families need to buy in to a common goal”
