What’s most important to today’s younger generation is to have a feeling that they are doing meaningful work. An important part of that is having a meaningful vision. Some family businesses haven’t updated their vision to help engage and inspire the next generation in business. Us “older gen” think – “If it ain’t broke don’t […]
Coach Pete's Best Plays
The best-of-the-best advice from family business coach Pete Walsh.
First and foremost, hopefully your family will take time this weekend to remember any of your family members who served and made the ultimate sacrifice for our country. In our family, my Uncle Richard Walsh graduated from Wharton before he served in World War II and gave his life as a torpedo bomber in the […]
I just found out the Wright brothers had epic battles. How cool is that?! They have to be one of the most famous family businesses ever! Here’s what’s so great about this story. Their conflict is actually what kept driving them to push each other with new ideas to solve one the biggest unsolved problems […]
Behind every great business you’ll find a culture of accountability. Behind every great family you’ll find a culture of accountability. Be Accountable for Results Long-term business success requires the ability to consistently produce results. That means everyone in the organization understands the importance of being accountable. Their employment is based upon their ability to be […]
Family Business Passion If you want to succeed in the family business, you’d better be extremely passionate about it! Being in a family business can be extremely difficult. Therefore, that’s why passion is such an important ingredient. You have to love it so much that you’re willing to go through the pain to make it […]