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 […]
Family Businesses Succession Planning
Succession planning is a necessity for any long-lasting family business. Handing over the reigns can be difficult, but with a solid strategic approach and subsequent plan, a healthy, happy and profitable succession is attainable.
Coming up with a good process and solid plan for succession is probably one of the most important duties of a family business leader. I get to work with many professionals in the field of family business consulting. They come to me and ask for advice on how to help their family business clients. Here’s […]
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 […]
Learning to use sound judgement is like most other qualities of great leaders and successful people — it comes with thoughtfulness, discipline and practice. As family leaders it’s your job to create the right learning environment for your family. Here are four simple steps: Model the Behavior The family is always watching its leaders. Opportunities […]
We need cooperation and understanding now more than ever. We live among a large and growing group of diverse people. We need more leadership, communication and connection. The skill of “connecting easily with others” is one of the 40 skills I have identified as critical to leadership success. 5 Reasons to Learn to Connect with […]