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QUIZ
How Healthy is Our Family Business

1.  Our family meets regularly to discuss its relationship to the business, and educate the members regarding the rights and responsibilities of ownership.
True False

2.   We don’t always agree but we have a conflict management policy in the family.
True False

3. We have a functioning board of directors with at least one outsider on it.
True False

4.  We have a Family Hiring and Employment Policy.
True False

5.  We have a strategic plan in the business.
True False

6. We have a strategic plan in the family.
True False

7.  Most of the family members share common goals and values.
True False

8. In spite of it all, we really care about each other.
True False

9. We have created and agreed to a succession plan.
True False

10.  We are generally able to keep family matters in the family, and business matters in the business.
True False

------------------------- SCORE YOURSELF -----------------------------------

If you had 8-10 True responses, you don’t need any outside help.  Suggestions: find a Family Business Forum near you and become a member.  Subscribe to Family Business Magazine http://www.familybusinessmagazine.com/index.html

If you had 5-7 True responses, you could use some help!  Suggestions: same as above, and call a trained and experienced Family Business Consultant for an assessment. http://www.ffi.org/otnDir.asp

If you had fewer than 5 True responses, you need to get a family business consultation as soon as possible!  http://www.ffi.org/otnDir.asp


   


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