Coach Pete describes the best plays he finds in the family business world. Edition 1. A dose of business coaching from Family Business Performance Center.
Coach’s Tough Love – being the oldest sibling doesn’t entitle you to be head of the family business!
One of the most common challenges of family business is to create a succession planning process that enables siblings to compete for positions based upon business acumen and business results. I can’t tell you how many times I’ve arrived in a family business and find the oldest sibling sitting at the head of the table […]
The Face of Future Family Business Leaders
Maintaining harmonious employee relations, planning for the future, and instituting leadership development programs are a vital part of any successful business plan. When the employees are related, however, and the pool of future leaders share names and relationships, transitioning to a new structure may be difficult. Rivalry can exist between “shirt-tail relatives” just as easily as between […]
Annual Family Retreats: You Never Know How Much Time You Have Left With Your Patriarch
I was deeply saddened last week when I heard of the sudden loss of the patriarch of a fifth-generation family business I have the honor to coach. At the same time, it warmed my heart to know I got to help create a venue for the patriarch to mentor and teach the grandchildren over the […]
Coach’s Tough Love – Family Business Siblings Must “Leave Ego at the Door” to Survive
Adult sibling rivalry is one of the most common and potentially devastating family business challenges a family can face. Listening to a brother last week describe the challenges he was facing with his younger brother, I was told, “I don’t know how to describe it – there’s just something between us and it’s getting in […]
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