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 […]
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.
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 […]
Learning to use sound judgement is like most other qualities of great leaders and successful people — it comes with thoughtfulness, discipline and practice. As family leaders it’s your job to create the right learning environment for your family. Here are four simple steps: Model the Behavior The family is always watching its leaders. Opportunities […]
The most successful and sustainable businesses have a strong culture for goal setting and accountability. Most of my family business clients want to have the freedom and autonomy to do things “their way” and not be a task driven (big corporate) culture. I agree with their vision AND encourage them to realize goal setting is […]