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 […]
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.
Memorial Day – Leadership and Sacrifices in the Family Business
First and foremost, hopefully your family will take time this weekend to remember any of your family members who served and made the ultimate sacrifice for our country. In our family, my Uncle Richard Walsh graduated from Wharton before he served in World War II and gave his life as a torpedo bomber in the […]
Questions to Consider to Improve Sibling Relationships in the Family Business
In honor of National Siblings Day, I thought it might be good to give all of you siblings out there a few questions to ponder. I’ve seen some really great sibling relationships that are smooth, healthy and strong within a family and family business. Those relationships are more the exception than the norm. Most of […]
Best Example of How Conflict Helps Your Family Business
I just found out the Wright brothers had epic battles. How cool is that?! They have to be one of the most famous family businesses ever! Here’s what’s so great about this story. Their conflict is actually what kept driving them to push each other with new ideas to solve one the biggest unsolved problems […]
Culture of Accountability is Key to Family Business Success
Behind every great business you’ll find a culture of accountability. Behind every great family you’ll find a culture of accountability. Be Accountable for Results Long-term business success requires the ability to consistently produce results. That means everyone in the organization understands the importance of being accountable. Their employment is based upon their ability to be […]
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