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Home » Family Business Blog » What Not To Do » Why You Can’t Win The World Cup of Family Business Without Practive
world cup

Jul 03 2014

Why You Can’t Win The World Cup of Family Business Without Practive

world cupGreat championship teams are made on the practice field!

Scientific research has proven over a 20 year period of time that a process called deliberate practice is the key to long term sustainable success. 

Yet the majority of family businesses resist the idea of needing to practice and instead rely on the theory that their past success is a reliable predictor of their future success.  The family business survival statistics tell a different story.

Great teams need to learn how to work together, communicate and coordinate action amidst turbulence and competitive pressure.  The best way to do this is to practice the needed skills in a thoughtful and controlled environment. That way, when they are in the live action of the game, the skills happen automatically.

Deliberate Practice has 3 distinct elements:

  • It is very specific and detailed
  • It is designed to stretch you past your current capacity
  • It is done with high repetition

We have designed a series of deliberate practices for family businesses in the
areas of communication, goal setting and succession planning.
We have measured results with many families all over the country and have seen dramatic results that have had big impacts on the business’ bottom line as well as the family harmony.

Watch this short video:

 

Start your deliberate practice today and help your family business team on its way to becoming a championship caliber team!

 

Written by Pete Walsh, MCC · Categorized: What Not To Do · Tagged: business coaching, family business coach, family business performance center, pete walsh, world cup

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