Every July I think about independence and how it’s such an important human desire. In my work with family businesses all over the world, it’s evident that the younger generation really values independence. Successful family businesses need to strike a balance between giving the next generation some independence and encouraging the next generation to realize […]
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.
Use this Exercise to Maintain the Right Mindset as a Family
Mindset is so important. That’s why it’s one of the first skills we measure and develop in my Family Business Decathlon Coaching System. Think about it. Do a search on famous quotes by Henry Ford and the first one that comes up is, “Whether you think you can, or you think you can’t — you’re […]
5 Ways to Unite Your Family During a Crisis
I’ve always said, “You find out a lot about people when things get difficult.” You find out a lot about your family when you face challenges. In fact, dealing with a crisis can be an invaluable part of a family business succession process. The family gets to see how everyone reacts under stress. Strong leadership […]
Six Reasons to Bring in Outside Resources in Your Family Business
Our family business rarely used outside consultants. I think that’s true of most family businesses. In our business we had over 75 years of success so there was a lot of evidence to suggest we didn’t need outside help. At one point our main manufacturer, Steelcase, insisted we employ an outside consultant. Working with a consultant […]
Practice Expressing Appreciation in Your Family Business
Do you know the importance of learning how to express gratitude? It seems simple, yet I’m still amazed in 20 years of family business consulting how many families are really pitiful at expressing appreciation and gratitude. So you might ask me why is that even important? Energy is contagious. When you can learn to look […]
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