Is your brothers grudging acceptance of management decisions causing productivity to slow? Understanding the power of attitudes training in your small business could solve this problem. Let’s take a look back to the turn of the century. Employees learned to check their brains at the door if they wanted to advance at work. They were […]
Family Business Growth Requires Individual Effectiveness
If your family business is growing, it will have a tendency to continue to grow because you’re doing things right. Conversely, a family business that is going backwards or shrinking has a tendency to continue to go backwards or shrink until acted upon by an outside force. All responsible family business managers know that unless […]
Effective Communication in Family Business
I read an article recently about communication in family business. According to the article, family business managers spend almost half of their time on communication. Frankly, I was surprised the number was not closer to 90% if you take into account both direct and indirect communication. Positive, effective communication is the key to success in […]
Family Business Team Building – What Is It?
Simply put, a team is “a group of people working towards a common goal.” “A family-owned business may be defined as any business in which two or more family members are involved and the majority of ownership or control lies within a family.” (INC.) Therefore, Family Business Team Building is a process that enables a […]
Next Generation Planning in Family Business
As the patriarch or matriarch of your family business, you are probably already managing other family members from Generation X (born between 1963 and 1980) and Generation Y (born after 1980). The differences between our generation and the new generations must be considered in current family business management and next generation planning. Key topics for […]
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