Family Business Performance Center

Get Our Family Business and Succession Planning Playbook with?20 Step-by-Step Exercises + 10 Articles to Keep Your Team Strong & Successful!

One day, out of nowhere, I had a sharp pain in my right shoulder. I'm not even sure how it happened or where it came from quite honestly. What I did know was that it was seriously impacting my happiness and my ability to sleep at night! At first I thought I could just "gut it out" and the pain would go away and I would have my life back. After several weeks, I began to realize I needed help. The shoulder, or any body part, is a lot like family business. It's really complicated and there are so many moving parts and underlying possibilities. It can be pretty hard to pinpoint the problem. When the shoulder, or the family business, aren't quite right, it can cause a lot of pain, suffering and lost sleep. https://lnkd.in/g4EhNAd9

Ever notice how your team plays together? Is it supportive and collaborative? Or is it like some families who tend to interact with an underlying energy of tension? An Iowa family pointed out the concept of playing with each other using "sharp elbows" and immediately I could see how that could happen, and the unnecessary pain it could be causing the family. I encourage you to step back and think about your family and about how your team plays together. Learn how: https://lnkd.in/g78pUnrj

It's difficult to combine business and personal issues but a family business patriarch or matriarch is forced to deal with both at the same time. Here is how you can manage these problems.

Every family I've worked with wants nothing more than their sons and daughters to be very successful and happy in their adult lives. Having the conversations about work ethic, education and other important family values is something every family owes itself to talk about. https://lnkd.in/gAU4Pssa

Positive, effective communication is the key to success in every #familybusiness. If you struggle in this area, try these six strategies for effective communication.

After spending the past 20 years working with families all over the world, I've identified 10 core skills successful and happy family businesses have. Which skill do you feel you need to work on right now?

I can't tell you how many times families put off having a family meeting because they are nervous and unsure about the outcome. After diving in and following the recipe, so many of them asked, "Why didn't we start this sooner?" Here's how to get started: https://lnkd.in/gMkkFzJ

In a family business, the managers are usually chosen by their position within the family hierarchy but most companies look at leadership qualities from experience. This makes it more important that family business managers hone their leadership skills.

Great teams constantly rehearse, practice, play and then evaluate their performance. Try out this simple, proven formula for teaching your team how to improve and become stronger through evaluation: https://lnkd.in/gjhseRd