It’s difficult to combine business and personal issues but a family business patriarch or matriarch is forced to deal with both at the same time. This presents a family business challenge when the family leader is pressured to perform according to the expectations of his family. He can be pressured to make decisions that are […]
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.
Challenges of a family business: Work/Life Balance
As a family business coach, on occasion I find it helpful to remind my clients to remember work/life balance. This is one of the challenges of a family business. My advice to them is “It’s a game; don’t let it affect your personal or your families’ well- being.” When managing a family business, it can […]
Business Relationships and Family Team Building
How do you make your family business environment conducive to team building? In the past this was often overlooked in family business because, well it’s “just family” right? When it was deemed important enough to gain the attention of management, it was usually done with merit pay raises, employee of the month awards and other […]
3 Main Conflicts That Impede Growth in a Family Business
Conflict is unfortunately a main part of many family businesses. Families bring their private dynamics into a professional space, which can impact the business in a negative way, keeping it from moving forward or potentially even causing it to crash and burn. If you’re part of a family business, you know that they can be […]
Solid Family Management Practices Create Security and Future Success
What begins as a small family business needs to adapt to changing needs and be scalable for growth. Businesses without sound organizational structure are not set up for sustainable growth and easily stumble over future roadblocks. Better family management practices can build a stronger foundation within a business that can weather and adapt to whatever […]
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