After two decades of working closely with families, I have frequently observed a few key ingredients that are often missing when it comes to creating a stronger and more cohesive family unit. Practice a Warm Heart, Open Mind and Curiosity A warm heart, an open mind, and curiosity – these may seem like simple attributes, […]
Coach Pete's Best Plays
The best-of-the-best advice from family business coach Pete Walsh.
There are numerous metrics to gauge success in a family business. The most apparent ones include: Profitability Market share Retained earnings Cash flow However, at times, it’s the intangible measures that can induce the most stress. Over the years, I’ve developed a system to assist families in assessing crucial key outcomes. Remember, a 20-year research […]
Some people seem to be having a hard time taking personal responsibility for their results. I’m not sure why that is happening but it seems to be more prevalent than ever on today’s business teams. It’s your job as a leader to help create the environment where everyone takes responsibility for their personal results. I […]
Working alongside your father in a family business can be a unique and rewarding experience. It offers the opportunity to learn, grow, and contribute to a shared legacy. However, this collaboration also presents its fair share of challenges. Learning to navigate these obstacles requires patience, acceptance, and a deep respect for one another, ultimately fostering […]
Everyone can use a little bit of help along the way. Case in point. I’ve been facing some difficult issues within my own family and trying to think about the best way to respond to make the situation better. I wanted to see if there were other things I could be doing that might help […]