How can you use Emotional Intelligence to promote effective communication in a family business team?
Communication is vital for any business team, but especially for a family business team. Working with your relatives can bring many benefits, such as trust, loyalty, and shared values, but also many challenges, such as conflicts, emotions, and expectations. How can you use Emotional Intelligence (EI) to promote effective communication in a family business team? EI is the ability to understand and manage your own and others' emotions, and to use them to guide your thoughts and actions. Here are some tips to apply EI to your family business communication.