Eight quick questions based on the 5R Framework. See how healthy the roles, relationships and rules in your family business really are — and what to address first.
1. Are roles in the business clearly defined and matched to capability (not surname)?
2. Can family members disagree about the business without it becoming personal?
3. Are the rules — pay, entry, exit, ownership — explicit and agreed?
4. Is there a real succession plan?
5. How are business decisions made?
6. Do non-family employees see fairness in how family members are treated?
7. Does the next generation actually want the business?
