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 […]
How to Create a Collaborative Team Environment in Your Family Business
From the time we are toddlers, team work is stressed daily. From playing together in a play group to Little League and group projects in school, we are expected to be a team player. It doesn’t change when we become adults and enter the professional world either as an employee or a family business manager. […]
Team Building Activities to Improve Your Family Business Team
Managing your family business team building performance and strengths is key to strong business relationships and avoiding family business conflicts. It will strengthen the cohesiveness of the group and increase the trust between members. There are many activities and systems you can use to improve your family business team’s strength. These exercises can range from […]
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.
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