Working alongside your father in a family business can be a unique and rewarding experience. It offers the opportunity to learn, grow, and contribute to a shared legacy. However, this collaboration also presents its fair share of challenges. Learning to navigate these obstacles requires patience, acceptance, and a deep respect for one another, ultimately fostering […]
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.
I have the pleasure and honor to get to be a part of many very strong, sustainable families. I’ve noticed a common theme – strong leaders. Here’s a list of high value traits you can consider as you look at the leadership in your own family. Also included are traits you might want to evolve […]
Business is a competitive endeavor. The competition is getting bigger, stronger and faster every year. Sounds a little bit like the Olympics. Only the very best get the gold medal. There’s a unique challenge for family businesses. They usually make up a big part of their team by recruiting family members. That’s good if you […]
A well-run family meeting can make a huge difference on the trajectory of a family and its business. I’ve had the honor to work with several families and watch their family gain clarity, momentum, and camaraderie as a result of their annual family meetings. Most of these family leaders were unsure and hesitant at first […]
Most of the family leaders I meet know that SOMEDAY they will transfer ownership of the business over to the next generation. What they may not consider is the importance of WHEN that happens. Here are three important considerations family business owners should keep in mind: Did you forget what it felt like to want […]