Hiring a Non-Family Leader

May 18, 2011 in Management Issues in Family Business

Investment firms have a quote that flashes at the end of their commercials or is written in small-type on their marketing materials: "Past performance is not an indicator of future results." Because something worked before does not mean it will work again. So in the spirit of disclaimers, here is one for the family business: Family membership is not an indicator of successful family business leadership.