One of the biggest days of my life was when I resigned my position as the Vice President of our 250-employee family business. It took years to reach that decision. Hopefully reading this article will accelerate the process in your decision-making. You can lose a lot of sleep and generate a lot of stomach acid […]
Next Generation Family Business
Long-term success requires a strong plan for the next generation of your business. How to shape the future of your family-owned business’ up and coming leaders and embrace the new with the wisdom of the old.
In honor of National Siblings Day I thought I’d give you a simple exercise to improve sibling communication. An important part of family business succession is learning to create a strong team built upon respect and open communication. One key ingredient to building respect is to know how your performance is viewed by your teammates. […]
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 […]
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 […]
Being successful in business can be difficult. Most markets my family business clients work in are competitive and getting more crowded with competitors every day. That means you are going to have to work hard, work smart and be innovative if you ‘re going to create a long-term successful business. You better love what you […]