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For family companies to thrive and survive for generations to come, mentoring is a crucial resource. Mentoring offers a special chance for older members of a family business to pass on their wisdom to the next generation. It’s a great way to strengthen family bonds while also laying the groundwork for the next generation of …
Mentoring – an important tool to foster good leadership in Family Business Read More »
Assertiveness is a valuable quality in any person, but it’s especially crucial for those involved in a family business. Being aggressive can help you succeed in a family business, which can be a challenging and stressful setting. But the big question is – what does it mean to be assertive and how to develop and …
Assertiveness – an important quality for members of the family business Read More »
Accepting Change: What the Next Generation Can Teach Families? If you’ve been around the block a few times, you understand that change is the one constant in life. And if you are a member of a family, you must be receptive to the changes that accompany each generation. Every generation brings something new to the …
Accepting Change: What the Next Generation Can Teach Families? Read More »
Creating a Family Constitution: How to Make Your Family Business Thrive! Running a multi-generation family business is a challenge, especially when it comes to determining the rules that govern the business and how it should be managed. To help ensure that family businesses can thrive, a family constitution is desired, which outlines the rules, roles, …
Creating a Family Constitution: How to Make Your Family Business Thrive! Read More »
Siblings in a family business often work together because they share a common bond based on the family’s past and the desire to continue the firm in the family’s name. However, sibling partnerships have the same difficulties as any other type of business collaboration, including arguments, envy, and divergent viewpoints. Siblings must learn to work …
Family businesses are unique entities that bring a unique set of difficulties and opportunities. They are the foundation of many communities and the economy, but they may also be a source of conflict and friction within the family. It is crucial to invest in family relationships to ensure the success of a family business. Here …
Invest in Family Bonding to Succeed in Family Business Read More »
Family enterprises are a distinct form of business with their own challenges and prospects. Effective communication between family members, employees, and stakeholders is one of the most crucial parts of running a successful family business. In this post, we will discuss why communication is crucial in a family business, how it can benefit the business, …
Communicate Clearly for Continued Success in Family Business Read More »
Family businesses are different in a lot of ways, especially when it comes to passing the business on to the next generation. There are a lot of challenges and opportunities in a family business that is in its third generation. Family unity is one of the most important things that can keep a third-generation family …
Family Bonding – the secret sauce to succeed in third generation family business Read More »
Family businesses are distinguished from other types of enterprises by a shared sense of history, identity, and purpose. However, no family company can thrive without the unwavering support of the women in the family. It is fairly uncommon for women to play a big part in the early stages of a firm, but their function …
Women in Family Business – Changing role from Generation to Generation Read More »
In a successful family business, at any point there are 3 phases at work “Learning – Doing – Teaching” In the founding years, the business is built on the founders early learning experiences of what worked and what did not worked. Unknowingly his personal values and guiding principles become the values and guiding principles for the …
The wheel of Learning – Doing – Teaching for Family Businesses Read More »