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Every business owner likely knows the dangers of family feuds and litigation, especially when dealing with a large, illiquid asset like a closely held business. Getting all family members aligned around the same set of goals can be complicated, especially when considering the exponential growth of family members over generations.
Nevertheless, the alignment of family harmony and business interests can be achieved by borrowing from a time-tested process. Business Strategy 101 tells us that shareholder value is ultimately measured by a company’s ability to gain and sustain a competitive advantage in its market segment. It is measured by generating above-industry financial
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