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Home » family business performance

Oct 14 2015

Effective Communication in Family Business

Family Business Performance

I read an article recently about communication in family business.  According to the article, family business managers spend almost half of their time on communication. Frankly, I was surprised the number was not closer to 90% if you take into account both direct and indirect communication. Positive, effective communication is the key to success in […]

Written by Pete Walsh, MCC · Categorized: Communication · Tagged: business relationships, Challenges of family business, communication, communication in family business, conflict in family business, family business management, family business performance

Oct 12 2015

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, […]

Written by familybusinesscoach · Categorized: Family Business, Next Gen, Succession · Tagged: business relationships, Challenges of family business, conflict in family business, family business, family business management, family business performance, next gen, succession, succession in family business, succession planning

Oct 07 2015

Conflict in the Family Business and The Role of Forgiveness

Conflict within any business can be troublesome, but in a family-run business, conflict can be downright crippling. On the other hand, healthy relationships in a family-run business can lead to greater long-term success. So, what differentiates family businesses that operate peacefully and without major conflict from those that run into conflict regularly? Having an effective […]

Written by familybusinesscoach · Categorized: Communication, Family Business Relationships · Tagged: business relationships, Challenges of family business, conflict in family business, family business management, family business performance

Jul 10 2015

Weekend Reads: Coaches Roundup for July 10, 2015

Family Business Performance Center

Each week, Coach Pete seeks out strong players in the family business world in order to bring you real stories of real family business professionals to inspire, drive and lead you forward. From the stories of legacy builders to examples of outstanding succession planning, the star players Coach Pete comes across are navigating the game with confidence and wisdom. […]

Written by Pete Walsh, MCC · Categorized: Coach Pete's Best Plays, Family Business · Tagged: family business, family business performance, succession

Apr 27 2015

Don’t Use Family Dynamics As An Excuse For Poor Performance

Family dynamics can be extremely frustrating and hard to deal with – I get it! But too often, family members can use the “family dynamics” card as a convenient excuse for not performing like strong business professionals. One of the most common family business challenges is learning how to perform at a high level consistently. Part of […]

Written by familybusinesscoach · Categorized: Coach Pete's Best Plays · Tagged: family business advice, family business dynamics, family business performance

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