Ever wonder how a great musician learns to play at such a high level of expertise? Practice! I’ve watched several interviews and documentaries about some of the world’s greatest performers. Each and every one of them has an unrelenting passion for practicing their craft. In a family business, if you are going to perform at […]
Coach Pete's Best Plays
The best-of-the-best advice from family business coach Pete Walsh.
I’ve been joking for sometime saying that family business reminds me a lot of a hockey game. A fight breaks out almost every time. Conflict breaks out in most family businesses. Yet, the truth is, conflict happens in just about every business. One of the important things we teach our family business clients, is that […]
Statistics tell us 7 out of 10 family businesses will not successfully transition to the next generation. The question is, what can you and your family do to make sure you beat the odds? Here are a few tangible steps you can do to take over a family business, which are based on my 20 […]
As we approach Father’s Day, it’s important to remember that dads are a precious and limited resource. My father passed away when he was 52 years old and I was 25 years old. I work hard not to have any regrets in life. I am sorry that I didn’t get more time with my father. […]
One of the biggest days of my life was when I resigned my position as the Vice President of our 250-employee family business. It took years to reach that decision. Hopefully reading this article will accelerate the process in your decision-making. You can lose a lot of sleep and generate a lot of stomach acid […]