In terms of professional development within the family business, expectations are something of a double-edged sword. On the one hand, meeting expectations is one of the best ways to continue to strive for success in your field, regardless of what that field happens to be. On the other hand, there will certainly come a time […]
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.
5 Ways to Promote Leadership Skills
In the ever-changing economic climate, businesses must stay flexible and ready to meet any and all challenges head on in order to be successful. Especially in a family business, leadership skills are key to ensuring that a company can respond quickly to changes and readily adapt to them. The most effective business leaders don’t take […]
Coach’s Tough Love: take the family business conflict head – on don’t avoid it!
An important part of your game plan for your family business succession planning process is to teach your family to take the family business conflict on head-on! Conflict is inevitable and actually can be a very healthy ingredient for building a strong passionate team. The problem is most families are not taught how to deal […]
5 Vital Succession Planning Tips for Family-Owned Businesses
It’s a shocking statistic, but one that any family-owned business should be aware of: less than half of all family-owned businesses survive into a second generation. And a major reason for this is failure of family-owned businesses to understand the importance of succession planning. The truth is, no matter where your business stands at this […]
Family Business Deliberate Practice: Well-designed family meetings the key to building a winning family business team
At the Family Business Performance Center, we think of business as a competitive sport. When you think of great sports dynasties I can assure you they have a well-thought-out plan for bringing their teams together and creating a winning game plan. One of the most common family business challenges is creating a strong and cohesive family […]
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