Most family business issues can be traced back to a communication issue. A few examples might be: Lack of clear expectations Unhealthy relationships left unresolved Lack of shared vision and values One of the things I value and try to bring to my work is to be practical. Rather than high-level theory, I want to […]
Family Business Communication
Communication is key in every family business. Find ways to overcome or circumvent the problems that can arise when communication breaks down.
In honor of National Siblings Day, I thought it might be good to give all of you siblings out there a few questions to ponder. I’ve seen some really great sibling relationships that are smooth, healthy and strong within a family and family business. Those relationships are more the exception than the norm. Most of […]
How often do you head out for an important trip or family vacation and not have reservations or a map with directions? Hopefully never. Yet that’s what so many people do with one of the most important journeys of their lives — their professional journey and their family business journey. Before you and your family […]
Lee Watson started his equipment rental business, Kachina Rentals in 1974 in Sacramento, California. Lee has always prided himself on the fact that he has the largest rental fleet and the most competitive prices in the region. No one has a better rental business in the area. Lee is now in his mid-70s and is […]
You need to constantly improve if you want to win in today’s hyper-competitive market. No one, I mean no one, can sit back and rely on their past successes as a guarantee of future success. Nowhere is that more risky than in a family business! So many families believe their family’s reputation and success will […]