Responsibility should be a cornerstone of your family’s development plan. If you think about it, at the end of the day every family needs people who demonstrate the ability to be responsible members of the family. Too often nowadays people lose sight of the notion of personal responsibility. I was listening to a podcast this […]
Family Business Articles, Tips and Advice
Family businesses have unique characteristics that can either drive success or create discord. Our goal is to help every family-owned company get on, and stay on the path to success.
Most family business issues can be traced back to a communication issue. A few examples might be: Lack of clear expectations Unhealthy relationships left unresolved Lack of shared vision and values One of the things I value and try to bring to my work is to be practical. Rather than high-level theory, I want to […]
I heard Bill Belichick, Coach of the New England Patriots say, “Bowling and movie night is one of the most important and enjoyable nights for our team every year.” It’s hard to question his formula since Belichick has won six Super Bowls. That’s more than any other coach in NFL history! He went on to […]
I had a conversation with a 3rd generation family business player last week. It went something like this… “I was getting ready for the family meeting and I was thinking, ‘There’s no way this meeting is going to be successful.’” I asked her a simple question, “Can you see how YOUR MINDSET could actually have […]
What’s most important to today’s younger generation is to have a feeling that they are doing meaningful work. An important part of that is having a meaningful vision. Some family businesses haven’t updated their vision to help engage and inspire the next generation in business. Us “older gen” think – “If it ain’t broke don’t […]