Bill Smith’s Post

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Founder at Double Iron Consulting

Entrepreneur Gary Vaynerchuk, who started his career his family’s wine business, once said: “People who build family businesses are not classically trained. They have to deal with an enormous amount of politics. You think corporate politics are tough? Go work for your dad or your mom.” #Familybusiness friends – can you relate? Sometimes the family politics lead to good things, like: - Strong family bonds  - Long-term perspectives - Flexibility and agility  - Entrepreneurial spirit But other times… it can cause issues, such as: - Conflict and tensions  - Nepotism and favoritism  - Lack of professionalism  - Succession challenges This is why an Independent Board Director can be a huge help– We help you emphasize your familial strengths while helping you have honest discussions about points of improvement (with an unbiased perspective). If you think this might be right for you, feel free to reach out at: https://lnkd.in/d5mXH87r

Adam H. Hatcher

Executive Advisor @ Twenty One Clear, LLC | Strategic Clarity, Organizational Alignment, Family Business Advising, Legal Counsel, Author

3mo

That’s great perspective on the strong case for independent governance and perspective

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