All successful relationships are built on the foundation of strong communication – it is the glue that holds it all together. When communication starts to breakdown, or perhaps you are not sure if it already has, there are two key indicators:
- Avoiding Conflict
- Engaging in Conflict
When family and business get to this point, we create a culture of misinterpretation. The good news is that conflict management can be learned. Just like any other skill to develop, you can seek out help for you and those with whom the conflict is taking place.
Conflict is one of the most common areas of family and business breakdown, and it is one of the easiest areas to overcome.
Now that you know the conflict can be overcome, addressing potential unknown or false expectations might be a strong next set of bricks to the foundation:
- Working in the business
- Receiving rewards from the business
Have an advisor help you eliminate any potential landmines, and once you know where you stand on the important issues, clear communications can follow, ensuring the right messages are delivered to everyone regarding what they can expect for the future of the business and each family member.
Click the following link to read Kendall Rawls’s post on the Digital Dealer website titled: Happy and Harmonious Holidays – are Possible!
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 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.
