When it comes to operating a family-owned business, the number one tip to keep in mind is that all business matters need to stay within the family. The second tip to remember is that all family members need to pitch in, or they should otherwise not be included within the business activities. As far as […]
Coach’s Tough Love – Establish Yourself as a Leader Outside of Your Family Business
One of the most common family business challenges is developing and growing the next generation of business leaders. For many of the family business participants, it’s difficult to create your own leadership identity within the shadow of a strong and incumbent CEO. In many cases the CEO is your father or mother, which makes it even more […]
How Company Leadership Affects Company Efficiency
Communication can do wonders for any workplace and knowing how to most efficiently hone your communication skills and truly get your team talking is the first step. Company efficiency is defined by communication. To build family business efficiency, take a look at our tips below: Know Your Team: You should first take the time to […]
Four Mistakes that Will Kill a Perfectly Good Family Retreat
We spent the last two weeks giving you all of the reasons and tools for having an effective annual family business retreat. I’ll use this week’s blog to outline the most common mistakes families make that can kill a family meeting. Poor communication A good family meeting involves proper communication that is well thought-out, and delivered way ahead […]
Train Smart Family Business Leaders & Boost Performance
Leadership: without it, what do you have? For many businesses across the nation, that is a valid question. People work hard all of their lives to build up a business, but when it comes time to retire they have only two choices — sell the business or pass it onto the kids. Without strong leadership, […]
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