FAMILY DYNAMICS / GOVERNANCE
When the stakes are high, the strength of the family is often needed most. Therefore, family businesses need to have processes in place to build that fortitude before it is needed. Here are some suggestions for how to bolster your family connectedness:
It is often a good idea to bring an experienced family business advisor into these meetings as a facilitator who can help encourage dialogue, lead the educational component, and develop a framework and rhythm for successful family meetings. If you’re interested in an advisor, let’s see if we’re the right fit.
Successful family businesses don’t just happen. Just as you need to take time to ‘work on the business’, you need to also make time to ‘work on the family’ and strengthen your family connectedness.
BLOG | FAMILY DYNAMICS / GOVERNANCE
I’ve had my share of family business owners who avoid discussing this four-letter word to the point of pure denial, quickly ending the conversation when this word bubbles up. The word? E-X-I-T. It sounds so final. The brutal truth is that 100% of owners exit the business, yet only 50% – just 1 out of 2 owners – will do it on their terms...Read More
BLOG | LEADERSHIP
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 More
BLOG | PEOPLE / TALENT
The Golden 5% is the full expression of our ability, multiplied by our maximum possible effort, multiplied by our full contribution of heart. It is the performance equivalent of what we offer in a deeply loving relationship – the absolute best of ourselves. And yet, we rarely give it or reliably inspire the giving of it by others in organizations. Why?Read More
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