One of the most common challenges of family business is to create a succession planning process that enables siblings to compete for positions based upon business acumen and business results. I can’t tell you how many times I’ve arrived in a family business and find the oldest sibling sitting at the head of the table […]
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.
The Face of Future Family Business Leaders
Maintaining harmonious employee relations, planning for the future, and instituting leadership development programs are a vital part of any successful business plan. When the employees are related, however, and the pool of future leaders share names and relationships, transitioning to a new structure may be difficult. Rivalry can exist between “shirt-tail relatives” just as easily as between […]
Annual Family Retreats: You Never Know How Much Time You Have Left With Your Patriarch
I was deeply saddened last week when I heard of the sudden loss of the patriarch of a fifth-generation family business I have the honor to coach. At the same time, it warmed my heart to know I got to help create a venue for the patriarch to mentor and teach the grandchildren over the […]
Coach’s Tough Love – Family Business Siblings Must “Leave Ego at the Door” to Survive
Adult sibling rivalry is one of the most common and potentially devastating family business challenges a family can face. Listening to a brother last week describe the challenges he was facing with his younger brother, I was told, “I don’t know how to describe it – there’s just something between us and it’s getting in […]
5 Strategies of Successful Emerging Leaders
Today’s family business leaders have many things to be concerned about, from the way that their consumers are changing their buying habits, to the way that technology is permeating every aspect of the business. One age-old concern, however, is the method and transitional strategy behind the business’ emerging leadership. Are the new leader’s strategies going […]
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