Disputes are a normal part of family business life. The problem is, when the disputes are not properly dealt with they can become corrosive, damaging and even lethal to the health of the business! Here are 4 tips to help you make sure your family disputes aren’t life threatening… Take a big breath Remember when […]
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.
Use These Two Sentences for Sibling Feedback
In honor of National Siblings Day I thought I’d give you a simple exercise to improve sibling communication. An important part of family business succession is learning to create a strong team built upon respect and open communication. One key ingredient to building respect is to know how your performance is viewed by your teammates. […]
Use this Exercise to Maintain the Right Mindset as a Family
Mindset is so important. That’s why it’s one of the first skills we measure and develop in my Family Business Decathlon Coaching System. Think about it. Do a search on famous quotes by Henry Ford and the first one that comes up is, “Whether you think you can, or you think you can’t — you’re […]
Six Reasons to Bring in Outside Resources in Your Family Business
Our family business rarely used outside consultants. I think that’s true of most family businesses. In our business we had over 75 years of success so there was a lot of evidence to suggest we didn’t need outside help. At one point our main manufacturer, Steelcase, insisted we employ an outside consultant. Working with a consultant […]
Practice Expressing Appreciation in Your Family Business
Do you know the importance of learning how to express gratitude? It seems simple, yet I’m still amazed in 20 years of family business consulting how many families are really pitiful at expressing appreciation and gratitude. So you might ask me why is that even important? Energy is contagious. When you can learn to look […]
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