Coach Pete discusses how to create clearly defined results in family business.
Many family businesses are unclear about the results each other is accountable for achieving. One thing Coach Pete has noticed about successful family businesses is that they have a few areas that they have mastered.
Successful businesses tend to have very clearly defined roles and job descriptions. A part of this is having clear, articulated business goals for each person in the business. Another important piece to this puzzle is to have ongoing, timely performance feedback or performance reviews.
Working on these fundamentals makes up the core of a strong, sustainable, long-term family business. Pick one of Coach Pete’s deliberate practices and start working on it right away, and pick one area of your business that you’d really like to begin working on and improving.
At the end of the day, if a business does not produce solid, consistent results it will be almost impossible to maintain.
As always, feel free to lean on Coach Pete for help and support and play to your potential!