I’ve always said, “You find out a lot about people when things get difficult.” You find out a lot about your family when you face challenges. In fact, dealing with a crisis can be an invaluable part of a family business succession process. The family gets to see how everyone reacts under stress. Strong leadership […]
Coach Pete's Best Plays
The best-of-the-best advice from family business coach Pete Walsh.
Our family business rarely used outside consultants. I think that’s true of most family businesses. In our business we had over 75 years of success so there was a lot of evidence to suggest we didn’t need outside help. At one point our main manufacturer, Steelcase, insisted we employ an outside consultant. Working with a consultant […]
Do you know the importance of learning how to express gratitude? It seems simple, yet I’m still amazed in 20 years of family business consulting how many families are really pitiful at expressing appreciation and gratitude. So you might ask me why is that even important? Energy is contagious. When you can learn to look […]
Being successful in business can be difficult. Most markets my family business clients work in are competitive and getting more crowded with competitors every day. That means you are going to have to work hard, work smart and be innovative if you ‘re going to create a long-term successful business. You better love what you […]
At the beginning of the year great businesses, great families and great teams set goals for themselves. Great teams also realize that they need to continue to focus on improvement. If you were a great team last year, it doesn’t mean you’ll automatically be a great team next year. One of the things I’ve noticed […]