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 […]
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.
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 […]
My father passed away when he was only 52 and I was 26. As you can imagine, I would give anything to spend more time with him. I’m on a mission to help families make the most of their precious time together. One of the most impactful skills for a good coach is to learn […]
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 […]