Comments on: How to Resolve Small Family Business Conflict http://wealthpilgrim.com/how-to-resolve-family-business-conflict/ WealthPilgrim.com -No Money Worries. No Matter What. Tue, 22 May 2012 13:10:32 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Neal@Wealth Pilgrim http://wealthpilgrim.com/how-to-resolve-family-business-conflict/#comment-4171 Neal@Wealth Pilgrim Sun, 28 Mar 2010 15:52:13 +0000 http://wealthpilgrim.com/?p=13709#comment-4171 These are all excellent comments. Andy, I think this is probably the smartest move because I don't have faith the owners will "own up" to their kids being slobs. Sammy, you are right too...I think Ron needs to do this and maybe is a bit afraid to do so. These are all excellent comments.

Andy, I think this is probably the smartest move because I don’t have faith the owners will “own up” to their kids being slobs.

Sammy, you are right too…I think Ron needs to do this and maybe is a bit afraid to do so.

]]> By: Financial Samurai http://wealthpilgrim.com/how-to-resolve-family-business-conflict/#comment-4154 Financial Samurai Sat, 27 Mar 2010 11:31:01 +0000 http://wealthpilgrim.com/?p=13709#comment-4154 I think Ron should have an open conversation with the slackers and use the current economic environment as an excuse for everybody to shape up or ship out. Downturns are a blessing for many people in mgmt b/c it allows them to place blame for downsizing on exogenous factors, rather than b/c of their own opinions. Best, Sam I think Ron should have an open conversation with the slackers and use the current economic environment as an excuse for everybody to shape up or ship out.

Downturns are a blessing for many people in mgmt b/c it allows them to place blame for downsizing on exogenous factors, rather than b/c of their own opinions.

Best,

Sam

]]> By: Andy http://wealthpilgrim.com/how-to-resolve-family-business-conflict/#comment-4122 Andy Wed, 24 Mar 2010 20:49:36 +0000 http://wealthpilgrim.com/?p=13709#comment-4122 Back in the UK I have saw this happen several times and in reality there is probably only one option that will work. The owners need to sell the company and split the proceeds between the family. Because of the emotional investment all the individuals have in the firm rational discussion is not going to work. Sell now or get swallowed up in legal fees and bitter arguments. Back in the UK I have saw this happen several times and in reality there is probably only one option that will work. The owners need to sell the company and split the proceeds between the family.

Because of the emotional investment all the individuals have in the firm rational discussion is not going to work.

Sell now or get swallowed up in legal fees and bitter arguments.

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