Resources

Perennial Wealth: A Guide for Cultivating the Family Enterprise

When a family makes more money than it can reasonably consume, it has the opportunity for multi-generational wealth. Many studies have shown that opportunity for a family enterprise is greater than that for a public corporation.Tragically, the reverse situation is more common. Billions of dollars of wealth dwindle as it is passed, poorly, from one generation to another. Perennial Wealth captures best practices of families where transfer of leadership and wealth has been “done right.” What are secrets for success in a perennially thriving family enterprise? Here’s a hint: It’s not about the money.