When it comes to operating a family-owned business, the number one tip to keep in mind is that all business matters need to stay within the family. The second tip to remember is that all family members need to pitch in, or they should otherwise not be included within the business activities. As far as […]
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.
Family businesses have played a central role in the economy for centuries, and if run properly, also allow your family to benefit from its members’ trust, expertise, and communication skills. For your business to succeed, however, you must take care to treat all employees fairly, respect privacy, and avoid assigning unclear duties. The following tips […]
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 […]