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Banyan partner Josh Baron discusses the reality of conflict in most family businesses in this panel discussion with Trusted Family, including how to think about managing conflict across generations, how technology affects conflict both positively and negatively, as well as sharing practical guidance and first-hand examples of dispute resolutions.
Avoid reaching a “cliff event” by recognizing fake harmony in your family business and taking steps to work it out together.
Families often avoid conflict at all costs because they fear the consequences. That is almost always a mistake.
If your family is so afraid of conflict that you avoid discussing real issues, you are likely damaging both your business and your family.