Walking the work-life tightrope

Family business owners say maintaining a positive work-life balance is their number one challenge. Establishing formal, disciplined structures can help strengthen both the business and family.

Work-life balance is a fraught issue for many family businesses, where the boundaries between family matters and business matters blur. Family businesspeople will talk about the business in the car, out on the golf course or around the dinner table. What makes it even more complicated is that the needs of the business can be at their greatest at times when the needs of the family are at their most intense.

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