Family Industry Family Business Consultant Wichita KS

Family Business Assessment Questions ('Family Members' includes spouses and 'Family Enterprise System consists of family, ownership and business/investments)

	YES	NO
1. We have a clearly defined ownership and management succession plan that is understood by all family members. (What will happen upon the disability or death of owners or management)
2. We have multiple business meetings during the year to plan for the business.
3. Non-family members are involved in our regular business meetings.
4. Family members know and understand their roles in the family enterprise system.
5. Family members understand the policies governing employment in the family business.
6. There is a review each of each family member's career development goals whether the career in is in the family business or not.
7. Compensation policies for family and non-family employees are clearly defined.
8. Past family conflicts have been resolved.
9. Family members are being prepared for their future roles in the family enterprise system.
10. Family holiday and regular get-togethers are free from tension.
11. Our family has written and agreed measurements of performance of the family business/investments.
12. Our family leaders have asked for non-family advisors to help resolve conflicts.
13. A significant level of distrust exists among some or all family members.
14. Our family has a written statement of values we want to perpetuate.

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