The Prosperity Playbook: Understanding Finances within the Family Business

For Mackey McNeill, owning her own business always seemed like the obvious choice. After many successful years of helping companies make better business and financial decisions, her daughter Sarah Grace joined the team, and the mother-daughter duo entered the world of family business. While this transition was not without its hardships, Mackey and Sarah Grace were able to employ introspection, as well as outside tools and advisors, to better understand not only the business but also each other. Following the success of her own family business, Mackey decided to share her knowledge in a practical and accessible way through her new book The Prosperity Playbook. For Mackey, prosperity is about more than just having money; it’s about living your passion day in and day out, and understanding finances is a key part of this idea. With this book, she aims to provide concrete steps that family businesses can take to discuss finances in a way that eliminates the taboo surrounding the subject and boost their chance of success during succession. In this episode of WiFB Conversations, Mackey McNeill and Ramia Marielle El Agamy discuss the importance of understanding finances, how to encourage a successful succession and what family businesses can do to survive during global economic crises.