The "In-Law" Factor: Navigating the Extended Family Circle

Spouses and in-laws are often the "unsung" stakeholders in a family business. While they may not have a formal seat at the board table, they have a massive influence on the happiness, stress levels, and stability of the family members who do.

A healthy AFB culture includes what we call "In-Law Integration." This doesn't necessarily mean giving every spouse a job—in fact, that can often complicate things. Instead, it means:

• Inclusion: Inviting them to family retreats where the "vision" is discussed.

• Education: Helping them understand the "why" behind reinvestment strategies or long hours.

When spouses understand the mission, they become the business's greatest cheerleaders at home. When they are excluded, they can become the primary source of friction. 

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