With our 24-hour news cycle, it’s hard not to be on edge regarding the spread of the coronavirus. Worry over our financial situation, or the health of our family, friends and neighbors. It all leads to coronavirus anxiety. And it all takes
its toll.
Managing Your Business in the Midst of a Crisis
What we know is that family businesses are strong. This strength comes from their multi-generational perspective and a history of success during adversity. As family business leaders you have weathered difficult times with composure, calmness, and clear-minded leadership. You will do it again during the current crisis. Here is a collection of lessons we have learned from you.
4 Steps to Establishing Effective Governance for Your Family Business
Family Business Christmas Dinner Rule #1 - Don't Talk Business at the Christmas Dinner Table
For those of you who know me and have heard my story, you know that I worked with my Dad in our family business for over 17 years before leaving the family business. The last 5 years of our working together were the most tumultuous as I had finally come to realize that Dad’s idea of someday this business will all be yours was like Prince Charles being the heir to the throne of England. He knew and I knew that Queen Elizabeth and my Dad was never going to give up the throne…
3 Simple Rules for Setting Family & Business Boundaries
What Is a Family Council and Why Your Business Should Have One
If you’ve been a part of a family business, even for a little while, you know that unexpected things happen. Plans get changed or derailed. Disagreements arise. Founding family members, being so used to running the business on their own and calling all the shots, get side tracked in pursuit of opportunities that no one else is aware of.
Long Term Success Requires Common Goals and Shared Values Among Family Business Owners
Should Family Members Work for Family Business? Answering Two Critical Questions
Are Values Overrated?
If you’ve ever attended a leadership seminar or a team development workshop, values were most likely discussed as key component of building an effective organization.
Most businesses spend hours or even days strategizing over values, posting them all over the office and laminating value cards for all the employees. But are values, in and of themselves, all they are cracked up to be?