Harry Rosen, The Family Farm and Nepotism

December 18, 2013

By Mike Bossy -December 16, 2013

I had the good fortune to hear Harry Rosen, of Harry Rosen clothing fame, speak today while attending Strategic Coach. What an amazing career, approach to business and passion he has.

He made the following statement:  "Do not be coercive about bringing family into the business. Don't let nepotism control your thinking or actions." I have done a lot of engagements in the family farm transfer area and I don't know if I have ever asked if the sons or daughters really want to be there?

To me this is a key question. As a parent, I don't know if I would want my child to live a life of regret. Ask the question.

 

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