Family businesses have played a central role in the economy for centuries, and if run properly, also allow your family to benefit from its members’ trust, expertise, and communication skills. For your business to succeed, however, you must take care to treat all employees fairly, respect privacy, and avoid assigning unclear duties. The following tips […]
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: Dad, get out of the way to give your children a chance to become leaders!
I’ve had the opportunity to meet so many great fathers and mothers who successfully founded some wonderful family businesses. Their success has come from hard work and dedication and in the process, they’ve developed strong reputations and often a notorious management style. Where it becomes difficult is when the founders either refuse to start to take […]
Coach’s Tough Love – embrace change if you want the family business to survive!
Change is difficult. We’re creatures of habit. Especially in a family business where the business has enjoyed a high level of success for many years. Unfortunately past success isn’t a predictor of future success. In fact we know the statistics that only one out of three family businesses will make it successfully into the next generation. For family […]
5 Ways to Deal with Difficult Family Employees
There are several types of family business employees who create animosity or difficulty within the workplace. There are a few types that are found in every company, from those who wish to always be in control to those that are just downright unpleasant. Within a family business, however, the relationships between employees is even more complex. […]
Family Businesses Succession Planning: How to Move Forward
Family business succession planning is a series of specific steps and timelines that need to be followed to ensure success.
