As a financial planner you may be surprised to learn that I do not think that wealth comes from how much money you have or how 'rich' you are.
In our experience there is a common misconception that money is our most valuable resource, I would argue that, in fact, time is our most valuable resource.
Money is simply an enabler that allows you to spend your time well.
If we measured wealth via the quality of our relationships with those we love and care about the most we may find that we become happier.
In this article from PwC, Sian Steele makes some excellent points and highlights key areas that families in business can focus on to strengthen the relationships within the family, ultimately to the benefit of the family as well as the business.
A successful family business requires hard work, commitment, collaboration and understanding. It requires processes to support open communication, sound governance and a plan to provide the framework for family success.