Too often I see family business siblings wasting a lot of energy trying to show each other up as a leader in the family business. The problem is that this behavior is not only counter-productive it is highly annoying and distracting to the employees in the business. Sibling rivalries have been around forever. It’s a […]
Family Businesses- How to Find Your Russell Wilson
Every family business need to find their Russell Wilson! Every family business needs someone young, talented, and determined to be the very best in their field. What a great feeling it must be for the Seattle Seahawks and their fans to know that they have the right person to lead the team for the foreseeable […]
What NOT TO DO – Wait too long to start engaging the NEXT GEN
The best way to avoid potential inter family conflict is to get the next generation engaged in family business discussions at an early age. Most of the families I talk to are concerned about making sure the next gen understands and appreciates the values and work ethic it has taken to make the family business […]
5 Family Business Problems to Avoid by Holding a Family Meeting
I see too many families that put off having a family meeting for any number of reasons. It’s difficult to coordinate everyone’s calendar. They’re not sure exactly how to conduct the meeting. They’re afraid they’ll get questions they don’t want to discuss. What I’ve seen when families take the time to hold a family meeting […]
Family Business Injustice vs. Business Best Practice
Our mission at the Family Business Performance Center is to eradicate the world from the needless suffering going on in so many family businesses! One of the things that really amazes me is how often family business participants complain about how mistreated they feel when in fact they are simply being held to standards that […]
