Family business

Learn about: Family business from Lee Hausner, PhD,...
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Family business

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When a family business is created, it is really the dream of the founders that their children might join this family business, because now we have this concept of ongoing legacy. However, there are absolute, very clear conditions by which somebody should come into a family business. The first is that that individual wants to come into the family business – it is not an obligation. So they’ve got to come in with a passion and energy. The second is – are they competent to be in the family business? Are there skills and talents – the kind that can be best utilized in this business? The danger is to make the family business the family welfare state. The family business cannot be the business of last resort, because if that occurs, what you are doing is you’re jeopardizing the operation of a successful family business.
ALL PARENTS, Family Life

Learn about: Family business from Lee Hausner, PhD,...

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Lee Hausner, PhD

Clinical Psychologist & Author

Dr. Lee Hausner is an internationally recognized clinical psychologist, business consultant and family wealth advisor. She served as the senior psychologist for the Beverly Hills Unified School District for 19 years. She is currently the Senior Managing Director for First Foundation Advisors. An acknowledged expert on psychological issues involving wealth and wealth transfer, she was a presenter at the World Economic Forum in Davos-Klosters, Switzerland, and is a frequent participant at the high wealth/private client conferences for major financial institutions. She is a frequent guest on national radio and television and a quoted expert in national publications such as The Wall Street Journal, Times, Forbes, Fortune, Privilege, Town and Country and Worth Magazine.

Dr. Hausner is the co-author with Doug Freeman of A Founder's Guide to the Family Foundation, published by the Council on Foundations and is the author of the seminal work regarding wealth and the family; Children of Paradise: Successful Parenting for Prosperous Families. In addition, Dr. Hausner incorporated her unique six-step transition model for succession in family business in the critically acclaimed family business resource book Hats Off to You 2: Balancing Roles and Creating Success in Family Business, of which she was a co-author.

Dr. Hausner is a graduate of Northwestern University (BA, Psychology), San Francisco State University (MA, Psychology), and Kensington University (PhD, Psychology).

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