John was given a leadership and managerial role in his family’s business. He was happy to step into this position, but there was a problem. John lacked confidence in his own ability and leadership skills. Because of this, he frequently sought validation and reassurance from the family business patriarch who was his uncle. But Uncle […]
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 Create a Collaborative Team Environment in Your Family Business
From the time we are toddlers, team work is stressed daily. From playing together in a play group to Little League and group projects in school, we are expected to be a team player. It doesn’t change when we become adults and enter the professional world either as an employee or a family business manager. […]
Common Problems and Solutions for Managing a Family Business
Managing a family businesses is an important skill the family business leader should learn. Here are some common problems and how to deal with them.
7 Steps To Effective Goal Setting in your Family Business
“You don’t have to be a fantastic hero to do certain things – to compete. You can be just an ordinary chap, sufficiently motivated to reach challenging goals.” – Sir Edmund Hillary, first climber to successfully summit Mt. Everest To effectively manage a family business you need to know how to set goals. Goals can […]
How to Lead Your Family Business by Example
Have you ever been in a meeting full of people talking and mingling when someone walks in and quickly becomes the center of attention without saying a word? Or, better yet, someone who can persuade anyone to do what he or she may ask? These individuals are born natural leaders while others of us struggle […]
