John was given a leadership and managerial role in his family’s business. He was happy to step into this position, but there was a problem. John lacked confidence in his own ability and leadership skills. Because of this, he frequently sought validation and reassurance from the family business patriarch who was his uncle. But Uncle […]
How To Empower Your Family Members To Develop Their Strengths
Do you have family members of your business team who does extremely well fulfilling their role in the family business? Do you think they are ready to advance and take on a larger role? They may be but as the family business leader, you need to help them discover and develop their strengths. Your role […]
How to Inspire Your Family Business Team to Be Engaged and Motivated
You may be surprised to hear that most people don’t equate job satisfaction with financial reward. In fact, they say that job satisfaction for them is feeling like they are a valued part of a team. Family business leaders should acknowledge their team members for the quality of their work and their contributions to the […]
Why You Need A Family Business Succession Plan
In family business, having a succession plan and transferring your role as family business manager to the next generation isn’t easy and can be a lengthy process. Because of this, it is critical to prepare for succession by having a plan in place well before you need it. If possible, you should make your succession […]
Common Problems and Solutions for Managing a Family Business
Managing a family businesses is an important skill the family business leader should learn. Here are some common problems and how to deal with them.
