Blog
READY FOR A REBOOT?
We are taking off our masks and getting back to the office. It has been a long and exhausting journey. Here are a few ideas for a path to renewal. Perhaps one (or more) will work for you
Address it head-on
Addressing conflict head-on can be a game changer. Embracing disagreements can save years of therapy and legal fees. Often the impulse is to avoid conflict at all costs and run for the hills. It is important to remember families are diverse, conflict is natural and, in the end, conflict resolution makes you stronger and more resilient.
How to know when it is time to get help for your family business governance.
Most family run enterprises hold onto the past to preserve family values and honor the vision of the founders. This does not mean you have to run the business the same way the founding generation did. “We have always done it this way” does not need to be your mantra. Don’t wait until there is conflict to make changes.
Managing Conflict in your family is hard, it is exponentially hard in the family business.
Families can learn to celebrate each other’s strengths and admire one another for their individual creativity and resourcefulness. When families choose to work at this intentionally, they can cultivate a culture of fondness and admiration that helps everyone feel valued. If you listen deeply and clearly convey to the person that you understand what they are saying conflict can be avoided
Focus on how you want to react to situations regardless of what others do. This in itself, will make a huge impact.
Family Business Topics for your next family governance meeting.
Each business family has its own culture, strengths, idiosyncrasies, and shared history. That’s why each family must do its own work to develop specific policies and processes that stem from the foundation of their own family values. These are a few of the topics to address at your next family meeting.
Do you really need to start the succession process now?
Do you really need to start the succession process now?
In one word: YES! The earlier you start the discussions, the sooner you get on the same page and the easier the process will be.
Running a family business is complicated on many levels. This is especially true when it comes to preparing for a smooth transition of ownership, leadership, and governance to the next generation.
Being pulled in too many directions?
Being pulled in too many directions? Start by managing yourself.
You are a business owner, a parent, a sister, niece, child, grandchild, and more. Balancing all those roles can be challenging. Don’t let these challenges overwhelm you. Here are a few tips to consider when balancing work and family feels like too much.
Navigating the emotional side of succession
Have you had discussions about succession with your family and ended up in a tsunami of emotion? Succession is inevitable, but the success of the plan and ultimately the business, hinders on the transparent conversations and honesty of all members of the family organization. By creating a safe environment for both open discussions, conflict deliberation, and active listening, you can navigate to a sustainable plan for the success of the business and the family.
“Married-In”
It’s not easy marrying into a family business. Even the term “married-in” sounds like a term for outsiders and interlopers. How can you be a part of a family and maintain your independence? Here are some thoughts on developing your own narrative.
