One of the most common patterns we find when working with family businesses is an inconsistent standard of accountability among siblings. Some siblings push hard to produce high levels of results and other siblings live on their birthright as a safe excuse for mediocre performance. Most families are terrified of the consequences of shining a […]
Lack of accountability can threaten a family business’ long-term success
The best run companies enjoying longevity and consistent success know accountability for results is a key component to the company’s culture. Many family businesses struggle with accountability because they try to manage family harmony alongside business results. Watch this short video to help guide your family while having the accountability conversation. Many founders find it […]
Think you’re ready to take over the family business? Put your money where your mouth is and get some 360° feedback!
I can’t tell you how many potential successors tell me they are ready to take over the family business today. But they’re not. I should know – I was one of them. You may have many of the necessary skills, all of the excitement, and passion but be lacking a few critical skills. At any […]
A Great Way to Accelerate Potential Successor’s Development
Most business owners I work with are concerned about whether or not their adult children will be properly prepared and possess the skills and drive to run the family business. As a father myself, I know how tricky it can be to be supportive and encouraging while at the same time trying to push and […]
What not to do – allow bad behavior to negatively impact the family business
It’s really quite amazing how much bad behavior is tolerated in well run family businesses. Most families know the behavior is damaging to both the business and the family yet they lack the needed skills to stop the behaviors. When families proactively engage in skill building they can develop the skills necessary to head the […]
