With any family business, there will inevitably be some form of conflict among the family members. As a family business manager, you need to be prepared to resolve and minimize these differences when they crop up. Conflict resolution includes the standard approach of what steps you normally take to encourage people to work towards an […]
Family Business Relationships
Perspectives on family business relationships, how different members within a family-owned business interact with one another and tips for successful communication.
How To Empower Your Family Members To Develop Their Strengths
Do you have family members of your business team who does extremely well fulfilling their role in the family business? Do you think they are ready to advance and take on a larger role? They may be but as the family business leader, you need to help them discover and develop their strengths. Your role […]
How to Create a Collaborative Team Environment in Your Family Business
From the time we are toddlers, team work is stressed daily. From playing together in a play group to Little League and group projects in school, we are expected to be a team player. It doesn’t change when we become adults and enter the professional world either as an employee or a family business manager. […]
Team Building Activities to Improve Your Family Business Team
Managing your family business team building performance and strengths is key to strong business relationships and avoiding family business conflicts. It will strengthen the cohesiveness of the group and increase the trust between members. There are many activities and systems you can use to improve your family business team’s strength. These exercises can range from […]
Common Problems and Solutions for Managing a Family Business
Managing a family businesses is an important skill the family business leader should learn. Here are some common problems and how to deal with them.
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