Family businesses need tempo. Generational businesses have a rhythm a pace and often need an allegro fast, quickly, bright . Tempo is defined as rate of pace. In music Tempo is is the speed or pace of a given piece. Going too fast or too slow is referred to as “rushing and dragging.” In [Continue Reading]
The Power of Discomfort – Do You Live in Your Comfort Zone?
View the comfort zone not as a shelter but a prison. Family businesses need to manage the comfort zone. With the NCAA tournament in full swing we wanted to take advantage of a query, a postulate put forth a few years ago by Malcolm Gladwell. In January of 1971, the Fordham University Rams played [Continue Reading]
Is a C Average?
Is a C Average? A “C” Average GPA is a mean grade calculated from the marks attained in a certain examined course. A GPA of 2.00 points is considered fair by many institutions and is also referred to as a C average GPA, which is calculated by adding all the course grades’ equivalents, and then [Continue Reading]
This Week in Family Business
“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]
The Current Generation Needs to Lead Family Business
Every generation blames the one before and all of their frustrations. The Gettysburg address has 286 words, the Ten Commandments have 179 words, last week’s Internal Revenue Bulletin to explain one part of the Patient Protection and Affordable Care Act was 270 pages and over 100,000 words. Family Business is faced with many issues, the [Continue Reading]
Common Problems – What’s to Happen All Happened Before
‘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]
The Scoutmaster’s Son, Entitlement
“I quit!” said Bobby.”It’s a joke” Eagle Scout is the highest rank attainable in the Boy Scouting program of the Boy Scouts of America ( BSA). A Scout who attains this rank is called an Eagle Scout or Eagle. Since its introduction in 1911, the Eagle Scout rank has been earned by more than [Continue Reading]
How To Bridge the Generational Technology Gap in a Brave New Family Business World
Oh, wonder! How many goodly creatures are there here! How beauteous mankind is! O brave new world, That has such people in’t! Generations impact family businesses. Technology is a critical part of family business. Many family firms have come to rely on advanced, automated tools and processes. Today’s Generation Gap in family firms maybe the [Continue Reading]