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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 01 2014

Family Business Landmine – Next gen not attending or finishing college

Family Business Landmine – Next gen not attending or finishing college

Sneaks up quick Want strong productive kids Problem – are they best equipped Future roles and compensation Employment policy   What happens when a member of the next generation decides to quit college and come to work for the family business? In most cases the family reluctantly gives in and the family member begins working […]

Written by Pete Walsh, MCC · Categorized: Family Business · Tagged: employment policy, Family Business Landmine, family business performance center, next gen, pete walsh

May 26 2014

Avoiding a Family Business Landmine – Next Generation Children with Varying Work Ethics, Skills and Ambition

It can get interesting in the family business when cousins start showing an interest in the business, while the family business may not be interested in them! Successful and sustainable family businesses realize the need to get out in front of this issue. The best time to talk about this is years before it can […]

Written by Pete Walsh, MCC · Categorized: Family Business · Tagged: family business coach, family business landmines, family business performance center, next gen, next generation, pete walsh

Jan 31 2014

What NOT TO DO – Wait too long to start engaging the NEXT GEN

The best way to avoid potential inter family conflict is to get the next generation engaged in family business discussions at an early age. Most of the families I talk to are concerned about making sure the next gen understands and appreciates the values and work ethic it has taken to make the family business […]

Written by Pete Walsh, MCC · Categorized: What Not To Do · Tagged: family business, family business coaching, family business performance center, next gen, next generation, peak coach, pete walsh

Jan 29 2014

5 Family Business Problems to Avoid by Holding a Family Meeting

I see too many families that put off having a family meeting for any number of reasons. It’s difficult to coordinate everyone’s calendar. They’re not sure exactly how to conduct the meeting. They’re afraid they’ll get questions they don’t want to discuss. What I’ve seen when families take the time to hold a family meeting […]

Written by Pete Walsh, MCC · Categorized: What Not To Do · Tagged: business meetings, family business, family business performance, next gen, peak coaching, pete walsh, vision

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