The Business of Family

Tammy Buss

Welcome to The Business of Family PodCast - unhinged, unfiltered and unscripted with Tammy Buss! Are you a family business? Do you work with family businesses? You’ve come to the right place! Tammy will explore the difficulties of owning a family business, working with family and help listeners plan for the future of their business and its succession. Tammy welcomes expert guests to answer many of the questions 1st and 2nd generation family business owners have. For more information on Tammy Buss & her business advising firm, BlueRoots Inc, please email info@blueroots.ca.

  1. 1d ago

    Fair Pay or Family Privilege? Getting Compensation Right

    Fair pay or family privilege? In a family business, compensation is rarely just about the paycheck. It's about fairness. It's about recognition. It's about trust. When family and business overlap, questions like "Why do they make more than me?" or "Should family be treated differently?" can quickly become emotional and create lasting tension. In this episode of The Business of Family Podcast – Family Matters: Legal Edition, Tammy Buss and Yola Ventresca explore how family businesses can create compensation practices that are fair, transparent, and built to strengthen both the family and the business. In this episode, we discuss:✔️ Why compensation becomes so personal in family businesses✔️ The difference between equal and fair✔️ Why you should pay for the role, not the relationship✔️ Salary vs. ownership distributions✔️ How governance and clear policies reduce conflict✔️ Navigating difficult conversations about compensation and family expectations When compensation decisions are guided by clear principles instead of assumptions, families spend less time managing conflict, and more time building a stronger business together. 🎧 Listen now and join the conversation. #FamilyBusiness #SuccessionPlanning #FamilyEnterprise #BusinessGovernance #Leadership #Compensation #BusinessStrategy #Legacy #FamilyBusinessAdvisors #Lawyers #LernersLLP #BlueRoots #BusinessPodcast #LegalPodcast #Podcast

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Welcome to The Business of Family PodCast - unhinged, unfiltered and unscripted with Tammy Buss! Are you a family business? Do you work with family businesses? You’ve come to the right place! Tammy will explore the difficulties of owning a family business, working with family and help listeners plan for the future of their business and its succession. Tammy welcomes expert guests to answer many of the questions 1st and 2nd generation family business owners have. For more information on Tammy Buss & her business advising firm, BlueRoots Inc, please email info@blueroots.ca.