An important part of your game plan for your family business succession planning process is to teach your family to take the family business conflict on head-on! Conflict is inevitable and actually can be a very healthy ingredient for building a strong passionate team. The problem is most families are not taught how to deal […]
The Coach’s Best Plays: a RoundUp – Edition 2
Coach Pete describes the best plays he finds in the family business world. Edition 2. A dose of business coaching from Family Business Performance Center.
5 Vital Succession Planning Tips for Family-Owned Businesses
It’s a shocking statistic, but one that any family-owned business should be aware of: less than half of all family-owned businesses survive into a second generation. And a major reason for this is failure of family-owned businesses to understand the importance of succession planning. The truth is, no matter where your business stands at this […]
Family Business Deliberate Practice: Well-designed family meetings the key to building a winning family business team
At the Family Business Performance Center, we think of business as a competitive sport. When you think of great sports dynasties I can assure you they have a well-thought-out plan for bringing their teams together and creating a winning game plan. One of the most common family business challenges is creating a strong and cohesive family […]
Coach’s Tough Love – embrace change if you want the family business to survive!
Change is difficult. We’re creatures of habit. Especially in a family business where the business has enjoyed a high level of success for many years. Unfortunately past success isn’t a predictor of future success. In fact we know the statistics that only one out of three family businesses will make it successfully into the next generation. For family […]
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