Parents everywhere wrestle with decisions about how to achieve fairness in their treatment of their children. Within the family enterprise, questions about fairness and favoritism can carry much greater weight, and perceived injustice can carry greater implications. More than just parental love and attention, issues around distribution of money, titles, job duties, shares, voting power, respect and more can all lead to family conflict.
In this webinar, we'll explore how business decisions that impact children or other family members differently can lead to conflict, and best practices for minimizing hurt feelings.
Why do enterprising families struggle with issues of fairness? Any time people have shared resources, whether in a family or a business, our tendency is to compare ourselves to others and to compete for those resources. It's natural!
Luckily, there are also things that parents can do to balance the needs of the enterprise with the very real and human emotions of their children.
Also, you'll learn the single most important thing you can do as a parent when giving anything of value - jobs, shares, power, time - to one of your children.