Is your brothers grudging acceptance of management decisions causing productivity to slow? Understanding the power of attitudes training in your small business could solve this problem. Let’s take a look back to the turn of the century. Employees learned to check their brains at the door if they wanted to advance at work. They were […]
Family Business Growth Requires Individual Effectiveness
If your family business is growing, it will have a tendency to continue to grow because you’re doing things right. Conversely, a family business that is going backwards or shrinking has a tendency to continue to go backwards or shrink until acted upon by an outside force. All responsible family business managers know that unless […]
Developing Leaders: The New Age of Family Business Management
A substantial number of family-owned businesses do not have a clear plan for succession when the founder is ready to retire. Up to 42 percent of family-owned businesses have not chosen a successor for when the patriarch or matriarch leaves the business. Often this is because the family leadership perceives the next generation as unready, […]
Managing A Family Business
It’s difficult to combine business and personal issues but a family business patriarch or matriarch is forced to deal with both at the same time. This presents a family business challenge when the family leader is pressured to perform according to the expectations of his family. He can be pressured to make decisions that are […]
Challenges of a family business: Work/Life Balance
As a family business coach, on occasion I find it helpful to remind my clients to remember work/life balance. This is one of the challenges of a family business. My advice to them is “It’s a game; don’t let it affect your personal or your families’ well- being.” When managing a family business, it can […]
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