The value of outside advisors to the family business After coaching our family business clients’ Board of Directors, we encouraged them to consider adding some informal advisers to their board process. The result has been outstanding! It’s been exciting to see the family’s eyes and ears open up to some very seasoned and experienced outside […]
Family Business Landmine – Unrealistic expectations
It’s a set up for failure when people have unrealistic expectations for their family business experience. How do know what people’s expectations are unless you ask them and they can clearly articulate them? In our experience, families have all sorts of expectations for each other and the business yet they haven’t effectively discussed those expectations. […]
One Piece Family Business Communication That Will Kill Your Family
Being involved in a family business family is challenging on many levels. It’s not for the faint of heart. It’s like a mental and emotional marathon. In our experience if we can teach a family to be more effective communicators and KEEP them communicating they can make great strides in working together and being a […]
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 […]
Family business landmine – working with different personality types
One of the most common and disruptive sources of stress in family business is learning how to work with different personality types. The family needs to learn how to not only work with the different personality types it also needs to learn how to genuinely value the different personality types. Great teams are made up […]
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