A well-run family meeting can make a huge difference on the trajectory of a family and its business. I’ve had the honor to work with several families and watch their family gain clarity, momentum, and camaraderie as a result of their annual family meetings. Most of these family leaders were unsure and hesitant at first […]
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.
3 Important Considerations About WHEN to Transfer Business Ownership to a Family Member
Most of the family leaders I meet know that SOMEDAY they will transfer ownership of the business over to the next generation. What they may not consider is the importance of WHEN that happens. Here are three important considerations family business owners should keep in mind: Did you forget what it felt like to want […]
Ask for What You Want in Your Family Business
Life is a series of negotiations. One of the keys to happiness is to learn how to: Determine what works for you Ask others to help you get what you want Understand when you’ll be flexible and when you won’t Be willing to take a stand and make brave choices Be at peace – hold […]
5 Sibling Rivalry Dos and Don’ts
Sibling rivalry runs deep. I was returning from a family business coaching engagement at the airport two years ago. A three-year-old was sitting in his stroller and the five-year-old sibling came over to push the stroller to help Mom and Dad. The three-year-old had an instant, hysterical reaction to the fact that his older sibling […]
First Quarter Review for Your Family Business
Sports continues to show us a recipe for success. Great teams rehearse, practice, play and then evaluate their performance. One of the most popular ways to assess recent performance is to “review the game film.” In other words, sit and watch the game over again as a group. Watch for good execution and breakdowns. I’ve […]
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