How to prosper (and stay sane) when running a family business

Tony Balshaw is the National Partner-in-Charge of the Family Business Division at Mazars.

Scroll down to listen to The Money Show presenter Bruce Whitfield’s interview of Balshaw.

All businesses start off small. Anglo American was once a family owned business!

Tony Balshaw, Partner in charge of BEE at Mazars

Is there a shared dream? Do you children share your values?

Tony Balshaw, Partner in charge of BEE at Mazars

The notion of the oldest male taking over is not appropriate.

Tony Balshaw, Partner in charge of BEE at Mazars

Treat family as family and business as business. Teach your children that the business isn’t just a piggy bank. Pay market related salaries. Develop a family creed and put it on paper.

Tony Balshaw, Partner in charge of BEE at Mazars

This article first appeared on 702 : How to prosper (and stay sane) when running a family business


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