Combining family and business is challenging and can be frustrating when things are going well, but when a crisis like Covid-19 hits…pressure builds and emotions can blow sky high.
You can’t run a business like a family, and you can’t run a family like a business.
During difficult times family members need each others’ support the most.
In family relationships it’s easy to assume that other family members know your needs, your feelings, your opinions, and how to accurately interpret the 93% of your non-verbal communication.
On the flip side, getting good at listening requires a lot of effort.
Finally, for families in business together there is often an assumption that because you are in the same building, you are communicating.
A family business council is an appropriate forum to create to assist your family with improving communication.
Click the following link to read Jeff Faulkner’s post on the Multi Unit Franchising’s website titled: Effective Communication In The Family Business During A Crisis Like Covid-19
Read the article and then reach out us to get some insights on your own situation. Even if you don’t become a client, a few moments with us may help you save years of difficulties. Contact Us
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.
Sign up for our monthly e-newsletter to stay informed on how to overcome related succession planning issues.
Contact us and 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.