Business is a competitive endeavor. The competition is getting bigger, stronger and faster every year. Sounds a little bit like the Olympics. Only the very best get the gold medal. There’s a unique challenge for family businesses. They usually make up a big part of their team by recruiting family members. That’s good if you […]
Leadership in Family Business
In a family business, an individual's leadership can empower the company and create opportunity, but it can also be misunderstood when directed at other family members in the business. Mastering this delicate communication is possible with the right tools and perspectives.
How to Conduct a Professional Family Business Meeting
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 […]
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 […]
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