Managing a family business is similar to being the CEO of any business. In both types of business there is a lot of time spent together, plenty of personalities, and everyone has a job to do. It is crucial to manage the relationships because in family business this has a powerful impact on the success […]
Managing a Family Business: Building Positive Relationships
If you are business manager, chances are that you are aware that employer-employee relationships are essential for any well-run business. When the employees are also family members, it is even more critical to be sure this relationship is positive. Being aware of this is wonderful, but having a policy and procedure in place to continue […]
Family Business Communication: Listening
As a family business manager, ensuring open lines of communication is crucial in your family business. Poor communication can be the cause of many conflicts in any business. Listening is among the most crucial skills that you can learn to improve family business relationships. If you are able to really stop and listen to your […]
5 Tips for a Positive Mindset in Family Business
Family business leaders spend more than one-third of their life at work. If you’re spending it with negative individuals or family members, it may really affect you and your emotional well being. This is a major challenge in family business. By arresting negative thoughts as they enter your ears and not letting them go forward […]
Family Business Landmine – Unrealistic expectations
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. […]
