Nearly 70% of family businesses would like to pass the reigns on to the next generation. Unfortunately, only 30% will succeed, according to recent statistics from Peak Family Business Survey. Why is it so difficult for families to transition their businesses to the next generation? Here are three common issues that can sabotage success:… Continue reading Keeping It All in the Family
Business Management Consulting Blog
Secrets of a Courageous Leader
Courage is being scared to death and saddling up anyway. –John Wayne Courage is a necessary quality for every effective leader. When we lack leadership courage, it simply means we are fearful – of change, of addressing issues, or perhaps of defining roles and responsibilities. It takes courage to identify the tough issues… Continue reading Secrets of a Courageous Leader
Formulate Your Rx for Success
Organizational health is the single biggest contributor of an organization’s success. When we clearly define our organization’s vision and values, we set in motion a method for success. Success happens when team members share the company’s values, and sit in clearly defined roles with a high level of accountability to meet commitments. When we aren’t… Continue reading Formulate Your Rx for Success
How to Handle Elephants (and Smaller Animals)
Sometimes it seems easier to check off the small items on our “to solve list” and save the big ones until later. “Later” meaning when we have more time, less on our plates, after we’ve researched the issue a little more, or any number of excuses we can muster. But the “big ones”—the substantial, continual… Continue reading How to Handle Elephants (and Smaller Animals)
When It’s All Too Much
One of the greatest challenges facing every business owner or leadership team is executing on a defined strategic direction. If we can’t bring our strategy to life, it doesn’t matter how clearly defined the strategy is or how lofty our goals are. The foundation of execution is healthy, dynamic, and proactive leadership. But what happens… Continue reading When It’s All Too Much
Handling Conflict the VOMP Way
When conflicts arise, we must understand three ways to help diffuse them: 1) slow down our thinking so we can make rational decisions, 2) separate our needs from our wants, and 3) choose the right method to handle the given conflict. Once we have diffused the conflict, our next step is to actualize our understandings… Continue reading Handling Conflict the VOMP Way