In working with families to help understand perceived issues, one of the first steps I take is to determine if they are on the same page.
Do they value and want the same things for the family and the business?
If not, there is a disconnect and more of a challenge in matching expectations.
Creating and implementing strategic and operational plans can help set goals and lead to higher performance.
But family members working in a business need to agree on priorities and what is truly important.
If there is disagreement or underlying issues between specific family members, the source can be more behavioral.
If you are a parent with multiple children, you can relate how they each are different.
Each with their distinct personalities, gifts, skills, and desires.
If someone ultimately is not a good fit in the family business, it may be time for them to find success and fulfillment elsewhere.
Following the few examples above, however, should give you a great chance of maintaining your place at the table at future family gatherings!
Click the following link to read David Weaver’s post on the Digital Dealer website titled: Feeling Family Pressure? How to Overcome Mismatched Expectations
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.
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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.