Four Secrets to Family Business Holiday Success

2021-12-01T13:57:36-06:00By |Agriculture, Automotive, Construction, Distribution & Logistics, Family Business Insights, Manufacturing, Multi-Unit Franchising, Professional Services, Succession Blog|

When it comes to the season of family, otherwise known as “The Holidays” it is common to experience fear and anxiety. We all want it to be like the best holiday movies, but the reality isn't a hallmark movie. There is a secret to creating a happy holiday, or season [...]

Family Business: Avoiding the Kicked Hornets Nest

2021-12-05T20:32:16-06:00By |Construction, Family Business Insights, Succession Blog|

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 [...]

How Much Should You Pay Your Family as Employees?

2021-07-02T10:20:19-05:00By |Multi-Unit Franchising, Succession Blog|

When your family are employees, understanding how much to pay them is complex.  There are no secrets within a business. Believe it or not, your employees will find out if a family member is being overpaid and resent them (and you). Family in the business have formidable challenges just doing their job and earning [...]

Motivating Family Members To Want To Join The Business

2021-07-02T10:20:56-05:00By |Multi-Unit Franchising, Succession Blog|

Behaviors and attitudes extend beyond the business.  How you treat people correlates to their positive or negative involvement with you, your business, and your brand. Following are simple questions to identify the impressions you are creating: Have you created a culture where everyone is encouraged, respected, and provided growth opportunities? Do family dynamics enter [...]

How Do I Motivate My Children, Nephews, In-laws, etc. to Come Into My Business?

2021-04-29T11:43:20-05:00By |Dr. Merlot, Succession Blog, Video|

Your behavior and attitude towards the business act as role model behavior for your family. Therefore, speaking and showing positive feelings regarding the business is the best way to motivate the family to join. Express how much you enjoy it, the exciting and wonderful career opportunities and prospects for growth. [...]

How Do I Deal With the Petty Crap I Endure as a Leader of My Family’s Business?

2021-05-07T15:21:39-05:00By |Dr. Merlot, Succession Blog, Video|

When family members join the business, the emotional landscape changes. Any imperfections in intra-family communication, respect, and/or patience are exasperated by business expectations, nuances, and pressures. Even the closest and most balanced families find themselves struggling with crap from what appears to be never-ending sources. If it’s not concern over [...]

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What is Changing In the Areas of Estate Tax?

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Leadership in Uncertain Times

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