It’s an expression used throughout much of the English-speaking world to describe the tendency for people to compare themselves, their wealth, and their social statuses with their neighbors, friends, and colleagues. The roots of the saying may go back to the excesses of the Gilded Age as chronicled by the famed writer, Edith Wharton. Wharton knew what she was talking about.
Dec. 14, 2021—Successful entrepreneurs sometimes have unrealistic expectations when selling a business. Rather than consider the actual merits of the company, they may seek to meet certain unattainable standards that they view as important.
When it comes to managing a successful family business, the head of the family is often reluctant to share control and involve other family members in the process. Perhaps it’s a matter of pride, control, or a combination of factors, but the scenario is common among modern day family business owners.