Family Business and Chaos Theory. Our Team continued to work at the family’s manufacturing plant. Improvement is difficult without stability. Do you know anything about the chaos theory? It has to do with fractal mathematics. A fractal is a natural phenomenon or a mathematical set that exhibits a repeating pattern that displays at every [Continue Reading]
Family Business, privately held firms face many challenges. Coaching the Owner is often needed to keep focus, to understand the enemy named average and the virus called status quo. “I have difficulty sometimes talking to people who don’t race sailboats. When I was a teenager, I crewed Larchmont to Nassau on a 58-foot sloop [Continue Reading]
Talent Management is planning ahead. Sometimes Family Businesses don’t do enough Talent Management. Sometimes Family Businesses don’t recognize the value of Deming. When studying organizations and their control systems, it may be easy to load the structure into a PDCA-queue. PDCA equals Plan – Do – Check – Act. The company motto, vision statement, [Continue Reading]
How are Family Business employees similar or different than the working population as a whole? According to a recent Gallup survey of 5.4 million working adults, 52% of employees say they are not engaged in their work. They limp to work, toiling without passion. That’s half the workforce! Another 18% describe themselves as “actively [Continue Reading]
Business Development and a Culture of Candor Family Businesses employee 62% of the US workforce; according to American Management Services, Inc. Family business face many challenges, the employment, treatment of Family members and in many cases the employment, retention, treatment of non-family members. The combinations of these two groups are a unique challenge to Family [Continue Reading]
To give, and not to count the cost to fight, and not to heed the wounds, to toil, and not to seek for rest, to labor, and not to ask for any reward, save that of knowing that we do thy will Family businesses are a key to the resilience of the American economy. Family [Continue Reading]
The entrepreneur starts out of love, passion, inspiration, maybe some spark of genius and many, many times frustration.
“WE RISE FROM ASHES, GOOD WE FAIL DO, WE RISE FROM ASHES. TIME CREATE OURSELVES NEW.” Many family businesses rise from ashes. Multi-generational family businesses recreate themselves. People work harder when their work seems meaningful. It’s our job in Family Businesses to help the team understand – why their work is meaningful, important and a [Continue Reading]