A family business is as the phrase implies, a business that is operated by a family. Many times, people outside of the family will be hired to serve as helpful employees, but upper-level management and ownership usually stays within the family. Family-owned businesses have been successful for hundreds of years, and it’s safe to assume […]
Great championship teams are made on the practice field! Scientific research has proven over a 20 year period of time that a process called deliberate practice is the key to long term sustainable success. Yet the majority of family businesses resist the idea of needing to practice and instead rely on the theory that their past success […]
It’s a set up for failure when people have unrealistic expectations for their family business experience. How do know what people’s expectations are unless you ask them and they can clearly articulate them? In our experience, families have all sorts of expectations for each other and the business yet they haven’t effectively discussed those expectations. […]
Being involved in a family business family is challenging on many levels. It’s not for the faint of heart. It’s like a mental and emotional marathon. In our experience if we can teach a family to be more effective communicators and KEEP them communicating they can make great strides in working together and being a […]
If you’re seriously unhappy in your family business you owe it to yourself to work hard at finding a remedy for the situation. Learn how in this post!