A hornets’ nest or even a beehive from afar appears to buzz with activity. It’s quite interesting to watch nature in action, which ironically is very similar to families and working in a family business. There are roles each individual plays and a set of standard operating procedures that allow the hive to run smoothly and efficiently. When done in unison and as expected, the hive buzzes with focus and activity, not bothering anyone outside the hive. These same behaviors exist in the family business.
Whether you are family in the business or you work in a family business, there is a hierarchy that sets the tone and goals for the company, and then the worker bees that help achieve them. However, just like in the beehive if one strays or does not work or live up to expectations, things can get messy.
When working in a family business there are certain topics that are not discussed and shut behind the big red door – DON’T TOUCH! The big red door creates a dysfunctional functional norm for everyone who works in the company. And, if you are family in the business, it exacerbates drama at business meetings and family holidays.
Without leveraging the tools available, the hive will be blown to its side, creating hysteria and infighting. However, active problem solving and leveraging tools readily available can keep the hive calm, productive, harmonious, and even allow everyone to grow closer together
NADA 2022 Speaker: Overcome Family Dysfunction: Protect Your Financial Future
Dan Iosue, Partner, Succession Advisor
Learn how to deal with the trials and tribulations associated with running a family business to best protect your financial future.
- Thursday, March 10, 4:00 PM – 5:00 PM
- Room #W203
Family Dynamics and Family Governance
Family Dynamics and Family Governance
Family and Business alignment is hard to find when business issues liven up family dynamics.
However; with proper process, governance policies, and mutual respect built over time, a Family Business can thrive through multiple generations. Click the following links for more drill-down resources on Family Dynamics and Family Governance.
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We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.
