The term “inflation” has been circulating in the headlines and on the news for some time now and, unfortunately, doesn’t seem to be going away anytime soon. Put simply, inflation is described as an increase in prices coupled with a decrease in the purchasing power of money.
The First Bank Center For Family-Owned Businesses held a webinar on navigating the hidden dangers in a family business.
Making decisions for any business can be cumbersome, but in particular for family businesses. Because the family is woven into the business, some decisions can hold more weight. Here are four tips to help you balance the business with family business decision making.