The sooner you can learn to appreciate different personality styles the sooner you’ll be on a path to success in the family business. Everyone is wired differently. Introverts, extroverts, big picture thinkers, detail oriented, you know who you are. It’s amazing to me how consistently this issue causes such angst and friction in family businesses. I […]
Why You Can’t Win The World Cup of Family Business Without Practive
Great championship teams are made on the practice field! Scientific research has proven over a 20 year period of time that a process called deliberate practice is the key to long term sustainable success. Yet the majority of family businesses resist the idea of needing to practice and instead rely on the theory that their past success […]
Family business landmine: lack of emotional self-control
Nothing ruins a perfectly good business discussion then somebody that loses control of their emotions. Am I right? Our emotions are real and need to be dealt with. The problem is for so many people in a family business they allow their emotions to get the best of them. The brain scientists have proven that […]
Family business retreat rewind: What this next GEN did was amazing!
At the end of last weekend’s family business retreat most of the 40 and 50 year olds were surprisingly blown away with how much the 15 to 25-year-old crowd spoke up and participated. The difference in the amount of participation was stark compared even to last year’s retreat. What we all concluded was that the […]
Lack of Role Clarity a Key Contributor to Sibling Issues in the Family Business
Perceived inequality of results and lack of role clarity is a very common issue that comes up with our family business clients. So one of the first things we ask is: do you have clearly defined roles and responsibilities? I’m amazed how often family members don’t have clear roles, responsibilities and business goals. The lack […]
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