Disputes are a normal part of family business life. The problem is, when the disputes are not properly dealt with they can become corrosive, damaging and even lethal to the health of the business! Here are 4 tips to help you make sure your family disputes aren’t life threatening… Take a big breath Remember when […]
Resolving Family Business Conflict
Conflict is inevitable in every business. In a family-owned business personal and professional relationships can manifest in unique conflicts. Those conflicts that hold a family business back, when addressed, put not only the business, but family relationships on a healthy track.
Use These Two Sentences for Sibling Feedback
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. […]
Use this Simple Tool to Measure Your Family Business Success
At the beginning of the year great businesses, great families and great teams set goals for themselves. Great teams also realize that they need to continue to focus on improvement. If you were a great team last year, it doesn’t mean you’ll automatically be a great team next year. One of the things I’ve noticed […]
Questions Everyone Should Answer This Year
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 […]
Case Study: Dad Refuses to Evolve, Let Go or Leave
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 […]
