Business Report

Test Your Family’s Business Compatibility Family conflicts are an occupational hazard in the jewelry industry. So how do you know when conflicts go beyond normal and reach a level that can imperil both family happiness and the business itself? One way to find out is with this checklist, prepared by Marc Silverman, Ph.D., of Strategic Initiatives Inc., a family-business consulting firm in Providence, R.I. Every family member who’s part of your business should fill it out on a scale from 1 (does not describe family dynamic) to 9 (describes family dynamic well). The scores can be revealing, as you’ll see below. Family Business Checklist 1. There is trust between family and non-family employees. 2. Family members trust each other. 3. Communication is strong. 4. Self-esteem is strong. There is a general sense of individuals’ well-being. 5. Family members discuss busine

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