Our methodology at the Family Business Performance Center is centered around the concept of deliberate practice – bringing your team together and rehearsing! That’s how great performers, athletes, and musicians get better – they keep practicing! So, here are three easy ways to enhance your performance as a family business team. #1 Find out where […]
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.
Be Personable to Build a Collaborative Family Business Team
Try this on. Be personable. It’s that simple. Like any skill, it takes practice and a commitment to make it happen. In case you haven’t noticed, there is a higher than normal amount of stress and anxiety in this modern, social media-driven, polarized world. One thing that would help everyone would be if we could […]
#1 Way to Improve Family Communication
After two decades of working closely with families, I have frequently observed a few key ingredients that are often missing when it comes to creating a stronger and more cohesive family unit. Practice a Warm Heart, Open Mind and Curiosity A warm heart, an open mind, and curiosity – these may seem like simple attributes, […]
Unlocking Holistic Success: A Multi-Faceted Approach to Measuring Family Business Achievement
There are numerous metrics to gauge success in a family business. The most apparent ones include: Profitability Market share Retained earnings Cash flow However, at times, it’s the intangible measures that can induce the most stress. Over the years, I’ve developed a system to assist families in assessing crucial key outcomes. Remember, a 20-year research […]
One Move to Create More Personal Responsibility
Some people seem to be having a hard time taking personal responsibility for their results. I’m not sure why that is happening but it seems to be more prevalent than ever on today’s business teams. It’s your job as a leader to help create the environment where everyone takes responsibility for their personal results. I […]
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