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Category Archives: Family Business

Seller’s Remorse in the Family Business

Before you give your business to your children, you must first set expectations As a family business consultant, one of the most common issues I come across is the disappointment when a family business is transferred from parent to child, and the expectations are not met. This can happen for a number of reasons, from differences in generational values to differences in motivation, but the main cause is a lack of communication. In most cases, each party—parent and child—go into the succession process with … Read More >

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How to Exit the Family Business — Without Exiting the Family

The “family” dynamic in a family business has the potential to make a company great and undermine it at the same time. Even when things seem like they are going well, complex, underlying issues between family members can eventually lead to someone deciding to split from the business.  If you’ve read the tabloids or have been near the internet in the past few months, you’ve likely heard a famous example of this—Prince Harry and Meghan Markle are in the midst of leaving the most … Read More >

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Are You Unconsciously Undermining Your Employees?

I’ve seen this story a million times—an otherwise well-meaning leader hinders the progress—or even causes the failures—of an employee, without realizing what they are doing. Eventually, the issues come to a head and the result is finger-pointing and confusion. Leaders undermine their employees every day. Most just don’t know that they’re doing it. It’s a passive form of sabotage, but the result is the same. Undermining your employees is rarely a conscious act. Rather, it is caused by inaction. The three “U’s”, as I … Read More >

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Creating Harmony in a Conflicted Leadership Team

It’s been said that leadership is lonely, but in reality, leaders are more often than not part of a leadership team that must function like a well-oiled machine. And like a machine, if any single part malfunctions, the domino effect takes everything down. Conflict within leadership teams can happen for a variety of reasons, but it is often the result of personality clashes. In my years of working as an executive coach and psychologist, I have had many requests from clients to intervene and … Read More >

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The Secret to Successful External Hiring: Building an Onramp

Bringing in an external hire for a leadership position—or any position—can be tricky. Even family businesses, though, must at some point look outside of their own walls for good people. The trick is finding the right person and successfully onboarding them. Finding the right candidate, though, is only the beginning. Successful external hires are the result of months and even years of integration into the company and its culture—and it’s not always easy. In fact, the failure rate for external hires in the first … Read More >

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