In the ever-changing economic climate, businesses must stay flexible and ready to meet any and all challenges head on in order to be successful. Especially in a family business, leadership skills are key to ensuring that a company can respond quickly to changes and readily adapt to them. The most effective business leaders don’t take […]
I’ve had the opportunity to meet so many great fathers and mothers who successfully founded some wonderful family businesses. Their success has come from hard work and dedication and in the process, they’ve developed strong reputations and often a notorious management style. Where it becomes difficult is when the founders either refuse to start to take […]
An important part of your game plan for your family business succession planning process is to teach your family to take the family business conflict on head-on! Conflict is inevitable and actually can be a very healthy ingredient for building a strong passionate team. The problem is most families are not taught how to deal […]
Coach Pete describes the best plays he finds in the family business world. Edition 2. A dose of business coaching from Family Business Performance Center.
It’s a shocking statistic, but one that any family-owned business should be aware of: less than half of all family-owned businesses survive into a second generation. And a major reason for this is failure of family-owned businesses to understand the importance of succession planning. The truth is, no matter where your business stands at this […]