What begins as a small family business needs to adapt to changing needs and be scalable for growth. Businesses without sound organizational structure are not set up for sustainable growth and easily stumble over future roadblocks. Better family management practices can build a stronger foundation within a business that can weather and adapt to whatever […]
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.
Coach’s Tough Love – Establish Yourself as a Leader Outside of Your Family Business
One of the most common family business challenges is developing and growing the next generation of business leaders. For many of the family business participants, it’s difficult to create your own leadership identity within the shadow of a strong and incumbent CEO. In many cases the CEO is your father or mother, which makes it even more […]
Four Mistakes that Will Kill a Perfectly Good Family Retreat
We spent the last two weeks giving you all of the reasons and tools for having an effective annual family business retreat. I’ll use this week’s blog to outline the most common mistakes families make that can kill a family meeting. Poor communication A good family meeting involves proper communication that is well thought-out, and delivered way ahead […]
Coach’s Tough Love – Push Yourself Out of Your Comfort Zone
I have the pleasure of getting to work in some of the most successful businesses in America, both family businesses and non-family businesses. One of the common denominator’s for success in both arenas is the ability to push yourself out of your comfort zone. In the world of personal fitness, I believe they call it creating […]
Coach’s Tough Love – Train Your Mind to Relieve Family Business Challenges
I’ve been studying Buddhism for several years as a mindset not a religion. In Buddhism they teach that the source of all suffering can be linked back to our thinking and expectations. Never has there been a greater set-up for personal frustration than working in a family business, a place rife with unmet expectations and family baggage! […]
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