Family Business Consulting   |   Transforming Visions Into Results

Schedule a Consultation

 

Blog

Category Archives: Advice

5 Signs You Need a Family Business Consultant

The business of family is hard. A family run business is even harder. Family-owned and operated businesses are part of the American fabric. Whether it’s the Waltons of Wal-Mart or the family bakery on the corner, a family business instills a sense of pride. Creating something that can be passed down from generation to generation is a desirable legacy — and if done correctly, can ensure a family will thrive for generations to come. However, as anyone who runs or works in a family … Read More >

Posted in Advice, Blog Posts, Family Business | Leave a comment


9 Unconventional Leadership Tips You May Not Have Heard

If you’re the CEO or President of a company or organization of any size, you’ve probably spent some time reading about how you can improve both your leadership and your organization. In my work as a leadership consultant, however, I’m often surprised that many leaders fail to understand the “little” things (that are actually big things) when it comes to moving their organizations forward. With that, here are 9 unconventional — or at least uncommon — tips for leaders: Don’t Assume Everyone Sees the … Read More >

Posted in Advice, Blog Posts, Leadership | Tagged | Leave a comment


Are You Paying Enough Attention to Company Culture?

Whether you lead a public company or a family business, the culture at your organization will go a long way toward ensuring your employees are engaged, which will enhance your bottom line. A recent article in Work Design Magazine by Mike Bahr, a senior research specialist for Haworth, notes that $450 billion is lost every year as a result of employee disengagement — and explains why revived company culture can help solve the problem. Unspoken Rules Matter I agree that culture — including unspoken … Read More >

Posted in Advice, Blog Posts, Performance | Tagged | 1 Comment


A Family Business Challenge: Choosing Trusted Advisors

The statistics about the longevity of family-owned businesses are quite sobering. Although 90% of all U.S. businesses are family owned, and they employ 60% of the workforce, most won’t survive past the second generation. There are many reasons why this is the case, but failing to engage trusted family advisors is certainly close to the top. It’s important for all businesses to collaborate with trusted advisors such as CPAs, wealth managers, attorneys, and other professionals who have expertise in areas that are critical to … Read More >

Posted in Advice, Blog Posts, Family Business, Financial Advisors | Tagged , , , | 1 Comment


Emotions and Negotiating in a Family Business

An article about negotiating in the December issue of the Harvard Business Review, “Control the Negotiation Before It Begins,” got me thinking about how the typical strategies used in corporate America aren’t always going to be appropriate in family businesses. This article, and many others on the same topic, suggests that most negotiation experts focus on strategy and tactics. However, research shows we can regulate emotions like anxiety, anger, excitement, and disappointment during the process to help achieve a better outcome. As a family … Read More >

Posted in Advice, Blog Posts, Family Business | 1 Comment