Trust is Like a Bank Account

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Family business owners need to build a foundation of trust to make good decisions together.

 

 

One of the most important elements in a successful family business is trust.In this interview with Harvard Business Review editor Susan Francis, Banyan’s Josh Baron discusses the ways in which trust–or lack thereof–between individuals in a family business system can impact both relationships and the success of the business. But trust, like a bank account, can be built and even rebuilt over time.

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