We have all heard the tales of awkward holiday dinners caused by bad feelings among family members. Still, people can usually hold their nose to endure one afternoon and evening. But what if those same family members had to meet again, day after day, running a business?...
The last time I looked for a job, it was in the 1990’s. In spite of that, LinkedIn pushes job openings at me at a furious clip. The fact that I am well over 50 doesn’t seem to matter at all even though for years, being an older worker received little consideration in the DEI mix...
The founder had worked tirelessly to get his “baby” to a point where it had finally broken into the black. Try as he and the other family members might, they struggled to get a handle on their expenses...
Reading the business blogs these days, it has been difficult to avoid the word burnout. Times of uncertainty tax our systems. It’s a little like being outside in the cold without a coat. As the temperature goes down, we must use more of our energy to maintain ourselves properly...
The plucky state bank had performed steadily over the years in its northern region. The founder saw the opportunity to grow and began making plans to expand the bank’s footprint. Competitors were wary of the little bank and opposed their effort...
The family business performed inconsistently recently. Two members had recently joined the enterprise and they were frustrated with the way the members interacted. There was a lot of “triangulation” going on.
In family businesses, fairness has an added dimensionHandling promotions of family members needs careful considerationClarity in communication is keyThe horserace was on. The CEO recognized his Vice President of Sales for…
When family businesses honor each member’s strengths it helps create flow These talents and competencies are well known within the family Leveraging this existing investment can reduce harmful conflict and…
Planning produces clarity and reduces the potential for conflict Family Businesses have more “capital” at risk Understand Governance and Ownership first The musicians showed up for the first rehearsal session…
Toxic Cultures Eventually Destroy Performance and Productivity Toxic Employees are often High Performing Eliminating Toxic Behavior is More Important than Developing Higher Performers ‘X’ company is proud of “telling it…
