Deciding How to Decide
Although family business owners have the right to make every decision about the business, effective owners typically focus on only a few high-level decisions and delegate the rest. As Banyan’s Omar Romman explains, getting owners aligned for effective decision-making requires owners to agree on which decisions they will reserve for themselves and which they don’t need to focus on, such as running the business day to day. But first they have to align on how they will make decisions.