The Importance of Leadership Training Outside the Family Business

For up-and-coming family members who anticipate becoming leaders in their family business, an increasingly common requirement is that they first get meaningful business experience outside the family business.  Michael A. Klein of MK Insights recently published an interesting analysis of such requirements in Smart Business Online, and lays out good reasons why such experience can be a very good thing for the business and the family members. Read more on Michael Klein's analysis in the article, Joining the family business: Should the children work elsewhere first?   Keith Baldwin is a business transactions and securities lawyer with a forty year history of serving clients’ legal needs. Keith focuses his practice on business relationships, including mergers and acquisitions, agreements among owner-entrepreneurs, and best practices for corporate governance. Keith can be reached via email at keithbaldwin@dwt.com or directly at 425.646.6133