“Have you heard the Golden Rule of family business?”
“Who holds the Gold Rules.”
“Who holds the Gold Rules.”
“If your plan is for one year, plant rice. If your plan is for one
hundred years, educate children.”
Confucius
| “One of the deep paradoxes that guides my work in this field, is the trap that families fall into when they fail to perceive that their long-term success in dynamically preserving their family’s financial capital lies in whether every member of each generation of their family’s learns to be a great dynamic steward/conservator/stakeholder owner of the family’s financial capital, rather than one who is merely chosen to manage the family’s financial capital.” James E. Hughes Jr “A family seeking to preserve its wealth must understand the need for all of its members to be thoroughly educated on how to be owners of the family enterprise so that its family members will be competent to make risk-taking decisions as owners together.” |
