Families plan their summer often is a 4th of July picnic and celebration. Family Business enjoys July as the first days of the second half of the business cycle. Commencements signal the kick-0ff the start for a post academic career. Families treasure commencements, a badge of pride, courage, and honor. The 4th of July marks [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]
‘Winds in the east, mist coming in Like somethin’ is brewin’ and bout to begin. Can’t put me finger on what lies in store. But I fear what’s to happen all happened before.” Many issues in small business, family business are common problems and have “all happened before.” One of the biggest challenges of a [Continue Reading]
Lookahead planning is an often overlooked phase in project/program management. Many times Family businesses do little look-ahead planning. Lookahead Planning establishes a way forward, a schedule, based on input from the stakeholders, that creates realistic guidelines to meet the objectives of the project. Evolution is a relentless process that seems to keep going and [Continue Reading]
“I’m not looking for the best players; I’m looking for the right ones.” How much value is being lost owing to the lack of talent management? Many Family businesses over overlook a basic economic issue, scarcity of human talent – they don’t recognize until it’s too late. “Scarcity is the fundamental economic problem of [Continue Reading]
Two articles really grabbed me this week as we all watched as nature remind us what power is and what it’s capable of with eight, ten feet of water.. The first read was by a Peter Drucker, although deceased Drucker’s articles still hit home and like aged advice from our parents, it still sends a [Continue Reading]
Don’t Miss the Opportunity “You’ll Miss 100% of the shots you don’t take” Family Businesses, the successful ones, recognize that their longevity depends on keeping customers, employees and shareholders happy. Recently a family business President commented on the challenges and the opportunities that have been presented to him. He expressed his personal drive, focus and [Continue Reading]