A well-run family meeting can make a huge difference on the trajectory of a family and its business. I’ve had the honor to work with several families and watch their family gain clarity, momentum, and camaraderie as a result of their annual family meetings. Most of these family leaders were unsure and hesitant at first […]
3 Important Considerations About WHEN to Transfer Business Ownership to a Family Member
Most of the family leaders I meet know that SOMEDAY they will transfer ownership of the business over to the next generation. What they may not consider is the importance of WHEN that happens. Here are three important considerations family business owners should keep in mind: Did you forget what it felt like to want […]
8 Questions to Ask Dad This Father’s Day
Every year I encourage you to be brave, have some fun, and have a conversation with Dad like it might be your last and most important conversation with him. This last year has been interesting, if anything. Seriously. Without even getting into a big dialogue or debate about the pandemic, my wife and I both […]
Ask for What You Want in Your Family Business
Life is a series of negotiations. One of the keys to happiness is to learn how to: Determine what works for you Ask others to help you get what you want Understand when you’ll be flexible and when you won’t Be willing to take a stand and make brave choices Be at peace – hold […]
5 Sibling Rivalry Dos and Don’ts
Sibling rivalry runs deep. I was returning from a family business coaching engagement at the airport two years ago. A three-year-old was sitting in his stroller and the five-year-old sibling came over to push the stroller to help Mom and Dad. The three-year-old had an instant, hysterical reaction to the fact that his older sibling […]
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