Even in a family, many people have an uncle, aunt or cousin that he or she does not quite see eye to eye with every day. This can lead to conflicts in family business but there are ways around these sticky situations. You can work effectively with family members with these tips and a little […]
How to Ensure Each Family Member in Your Family Business is Pulling Their Own Weight
As a family business manager you are undoubtedly busy. Whether it’s the everyday tasks of managing a family business or dealing with tasks, you have plenty on your plate. This may include overdue deadlines, inventory issues, production problems and more. Keeping up with whether or not your family members are fulfilling their roles is a […]
Weekend Reads – Family Business Conflict, Advisory Boards, Succession
Enjoy this week’s bracket of family business articles. Kensington man jailed for stabbing his dad to death after family business dispute By Amita Joshi-Wlon http://www.getwestlondon.co.uk/news/west-london-news/kensington-man-jailed-stabbing-dad-10414155 This is a stunning example of conflict in Family Business. 10 Reasons Family Businesses Are Not Staying in the Family The Wallstreet Journal By Wayne Rivers http://blogs.wsj.com/experts/2015/11/23/10-reasons-family-businesses-are-not-staying-in-the-family/ This in-depth blog […]
How Business and Family Can (and Does) Mix Well
It is an oft-repeated phrase that you should never mix business with pleasure. This idiom is extended to include doing business with friends and family and it is held to be as true as never talking about religion and politics with people whom you wish to remain friends. But the truth is, family businesses are […]
7 Steps To Effective Goal Setting in your Family Business
“You don’t have to be a fantastic hero to do certain things – to compete. You can be just an ordinary chap, sufficiently motivated to reach challenging goals.” – Sir Edmund Hillary, first climber to successfully summit Mt. Everest To effectively manage a family business you need to know how to set goals. Goals can […]
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