Because of their unique internal dynamics, family-owned businesses have a very special need for powerful financial communication.
I was recently able to observe these factors for myself when visiting Salt Lake City to share Color Accounting with twenty managers in a family-owned conglomerate.
I was recently able to observe these factors for myself when visiting Salt Lake City to share Color Accounting with twenty managers in a family-owned conglomerate.
The skyline of Salt Lake City, Utah with the Wasatch Mountain range in the background.
With three generations working in the business, expectations can vary greatly about how the businesses should be run.
"Why not pay out more dividends?" one group may ask - while others advocate keeping the assets in the business to finance future growth.
Family business is a fascinating intersection of personal matters and classical business issues. These same questions are often asked around the board tables of billion-dollar multinational corporations - only not among cousins.
Warm Regards, Peter
"Why not pay out more dividends?" one group may ask - while others advocate keeping the assets in the business to finance future growth.
Family business is a fascinating intersection of personal matters and classical business issues. These same questions are often asked around the board tables of billion-dollar multinational corporations - only not among cousins.
Warm Regards, Peter
Though quite shallow, Utah's Great Salt Lake covers an average area of 1,700 square miles.
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