Leadership
BLOG | LEADERSHIP
Family Business Peer Groups are Gamechangers for the Next Gen
Many family-led companies hire business consultants to grow the business. Some even send their emerging leaders to personal development programs. But there is a gap – and it’s a BIG one.
Read Post
BLOG | FAMILY DYNAMICS / GOVERNANCE
The Many Facets of Ownership
In 1978 the 2-circle illustration of family business evolved when Harvard business professor Renato Tagiuri and then-graduate student John Davis added a third circle – Ownership – to better account for the distinct groups that existed in a family business. With the addition of Ownership, the 3-circle model more accurately captured the seven facets of ownership.
Read Post
BLOG | LEADERSHIP
Leadership Is Not What You Think
When I first started Compass Point 20 years ago, leadership was an ancillary topic. My work focused on the systems, financials, hiring the right people, and being a confidant to the owner. At the time I didn’t see it as leadership coaching, but rather as building a relationship with a client who trusted me enough to let me see the inner workings of their mind and business. I helped the person as I helped the business. Times – and leadership – have changed.
Read Post
BLOG | LEADERSHIP
The Many Hats of a Family Business
Product. Team. Customers. Processes. Sales. Revenue. Profit. Cash. These are the elements to any good, viable business. But a family business needs more than just those elements to build a sustainable family business. With many dynamics at play, the business owner needs to understand which "hat" to wear, when to wear it, and when to switch. Do you know how to manage it all?
Read Post
BLOG | LEADERSHIP
Which leader are YOU?
One of the hallmarks of good leadership is to have a mindset of being a lifelong learner. When we continue to learn and apply, we become better leaders, ones who inspire our people to bring the best and who develop and hone the team’s skills to predict and delegate. That's where the lift comes in the business. That's where you take a business from good to GREAT. Great leadership multiplies and amplifies others.
Read Post
BLOG | LEADERSHIP
How To Get Predictable Results in Your Family Business in an Unpredictable World
Why do great family businesses improve despite dealing with the same crappy external factors that destroy some businesses and stall others? Because they practice and execute these tenets...
Read Post
BLOG | LEADERSHIP
The long-game of Leadership
A high-performing team needs continuous investment, because of one simple fact: a company cannot outgrow its leadership.
Read Post
BLOG | LEADERSHIP
Acorns and Oak Trees
I heard a recent job recruiting statistic that should give every business leader pause. Currently, for every 10 open positions there are approximately only 5 motivated and willing workers.
Read Post
BLOG | LEADERSHIP
What Drives Happiness (and Performance) at Work?
The single greatest driver of happiness and performance in the workplace is the quality of your relationships.
Read Post
BLOG | LEADERSHIP
When It’s Raining Frogs, An Umbrella Is Not Enough
Some changes are rather small in the large scheme of things. Some changes we choose. We adapt an existing product or launch a new one.
Read Post
BLOG | LEADERSHIP
Unequivocal Responsibility OR Something Less
Unequivocal responsibility-taking does not come naturally. True, we have an innate sense of when we’ve harmed others – the conscience inevitably pricks at us. However, we all also have an ingrained tendency to seek escape from consequences and accountability. We know what we should do, what we need to do, and yet we flee from it.
Read Post
BLOG | LEADERSHIP
Do you have a diamond in the rough?
At the age of 20, I was a college drop out. I had changed majors 4 times. I had no path. Unhappily, I left Penn State...
Read PostWhere Family Businesses Come to Grow & Learn
At Compass Point, we make it easy to get insights, training, tools, and articles straight to your inbox and help family business owners and their team continue to grow, learn, and lead.