fair vs. equitable: understanding the real dynamics in family business

👨‍👩‍👧‍👦 Is “fair” always “equal” in a family business? Not quite.

We’re joined once again by Dr. Sarah Burrows, professor of Entrepreneurship at Queen’s University, to unpack the often-misunderstood fair vs. equitable debate through the lens of the Three-Circle Model.

Together, we explore:
🔸 How your perspective (owner, family, or business) can shape your definition of fairness
🔸 Why a one-size-fits-all approach doesn’t work for succession planning
🔸 How governance and generational dynamics influence decision-making
🔸 Why equity ≠ equality — and why that matters in long-term planning

Whether you're a founder, next-gen, or advisor, this episode offers fresh insight into managing expectations, family roles, and emotional complexity in legacy businesses.

🎧 Tune in now to gain practical tools for navigating the nuanced world of family enterprise.

#FamilyBusiness #SuccessionPlanning #Entrepreneurship #Governance #FairVsEquitable #BusinessPodcast