We just completed another Fundamentals of Family Business Success program with a family group this week…it’s so great to see families expand their business tool kit and have some real conversations about the family dynamics that can destroy a good business.
As the coach, I provide real time live coaching to teach the family how to talk straight with each other.
Let me know if you want to talk to this week’s family about what they got out of the program or if we can help you and your family grow some new muscle in this interactive and engaging coaching program.
Enjoy this week’s bracket of family business articles.
Avoid the Traps That Can Destroy Family Businesses
By: George Stalk and Henry Foley
https://goo.gl/LpwUnc
Only 10% of family businesses survive to the third generation. This article explores three traps that snare most family business and explores ways to avoid those traps. Utilizing the real life experiences of entrepreneur Enrique Rosset results in an interesting read.
Preparing the Transition of the Family Business to the Next Generation
Provided by the Business Families Foundation, Content Partner for SME Toolkit
http://goo.gl/aC9DoP
This is an informative article about family business succession and managing family expectations and relations. It outlines a five step process.
Hartge family marks 150 years in business
By Rema Rahman
http://goo.gl/LZHmNN
This feel good article about a family business entering 150 years in business, Hartge Yacht Harbor. The patriarch provides valuable insight into managing a family business.
6 Entrepreneurship Lessons From Family Businesses
By Stacy Cowley
http://goo.gl/XO8PeB
This article shares lessons learned by entrepreneurs who have influenced multiple generations of their family. What can you learn from their experience?
