Relationships mean everything. Healthy relationships enable a business to thrive. Dysfunctional relationships will eventually disintegrate a business and a family. The Merriam-Webster dictionary defines relationship as: the way in which two or more people, groups, countries, etc. talk to, behave toward, and deal with each other. Never have relationships been more complicated than in the […]
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.
Family Business Communication: Listening
As a family business manager, ensuring open lines of communication is crucial in your family business. Poor communication can be the cause of many conflicts in any business. Listening is among the most crucial skills that you can learn to improve family business relationships. If you are able to really stop and listen to your […]
Effective Communication in Family Business
I read an article recently about communication in family business. According to the article, family business managers spend almost half of their time on communication. Frankly, I was surprised the number was not closer to 90% if you take into account both direct and indirect communication. Positive, effective communication is the key to success in […]
Conflict in the Family Business and The Role of Forgiveness
Conflict within any business can be troublesome, but in a family-run business, conflict can be downright crippling. On the other hand, healthy relationships in a family-run business can lead to greater long-term success. So, what differentiates family businesses that operate peacefully and without major conflict from those that run into conflict regularly? Having an effective […]
3 Main Conflicts That Impede Growth in a Family Business
Conflict is unfortunately a main part of many family businesses. Families bring their private dynamics into a professional space, which can impact the business in a negative way, keeping it from moving forward or potentially even causing it to crash and burn. If you’re part of a family business, you know that they can be […]
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