10 Tips for Family Business Success
By Frank Fantozzi, an EO Cleveland member and President and Founder of Planned Financial Services
The family business model can be extremely rewarding for entrepreneurs, especially when it comes to creating a legacy that brings about pride, honor and family fulfillment. However, as family businesses expand, they face unique performance and governance challenges. As the founder of Planned Financial Services, I’ve always made it a priority to ensure multi-generational family businesses are able to succeed now and well into the future. That begins with understanding the key drivers of business longevity and following a few tips we share with the entrepreneurial families we advise: