Family Business Passion If you want to succeed in the family business, you’d better be extremely passionate about it! Being in a family business can be extremely difficult. Therefore, that’s why passion is such an important ingredient. You have to love it so much that you’re willing to go through the pain to make it […]
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 often do you head out for an important trip or family vacation and not have reservations or a map with directions? Hopefully never. Yet that’s what so many people do with one of the most important journeys of their lives — their professional journey and their family business journey. Before you and your family […]
Lee Watson started his equipment rental business, Kachina Rentals in 1974 in Sacramento, California. Lee has always prided himself on the fact that he has the largest rental fleet and the most competitive prices in the region. No one has a better rental business in the area. Lee is now in his mid-70s and is […]
Learning to use sound judgement is like most other qualities of great leaders and successful people — it comes with thoughtfulness, discipline and practice. As family leaders it’s your job to create the right learning environment for your family. Here are four simple steps: Model the Behavior The family is always watching its leaders. Opportunities […]
The most successful and sustainable businesses have a strong culture for goal setting and accountability. Most of my family business clients want to have the freedom and autonomy to do things “their way” and not be a task driven (big corporate) culture. I agree with their vision AND encourage them to realize goal setting is […]