Startup Funding Espresso – More Best Practices for Running a Family Office

More Best Practices for Running a Family Office Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In running a family office consider these additional best practices. Document your family legacy. Capture in writing the history of the family and its business. Share the story with the entire family. Educate the next generation of the family. Assess the skills and education. Build a program to prepare them for taking a role in the family business. Identify the core values and culture of the family. Capture those values into a document and communicate to the entire group. This can also be used in evaluating investment opportunities. Assess the healthcare needs of the family. Engage services to assist with family members in need. In many families there are distant relatives who are not familiar with the core family. Reach out to meet them, and understand their situation and build a relationship. Consider these best practices for your family office. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let's go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact [email protected] Please follow, share, and leave a review. Music courtesy of Bensound.