Creating a "Family Bank" for Intrapreneurship

How do you keep the entrepreneurial spirit alive in the third generation? By creating a "Family Bank." Instead of forcing every family member into the existing business, the company sets aside a fund to seed new ventures started by family members. 

This keeps the talent within the family ecosystem and allows the core business to diversify. It sends a powerful message: "We value your initiative as much as our history." It turns heirs into "intrapreneurs" who add to the family wealth rather than just maintaining it.

To learn more about the Academy of Family Business, our curriculum and our coaches, please email us at: info@myAFB.org

Next
Next

Fair vs. Equal: The Great Inheritance Paradox