Family Dynamics

Tips For Combining Family, Business, And The Holidays

2020-11-25T13:17:07-06:00By |Succession Blog|

It is extraordinary for any family to have perfect interactions all the time, and if they say they do they aren’t being honest with themselves.  Sibling rivalry, mood swings, personality differences and differing expectations are only a few influences making family communication fun.  And the holidays, even though with cheer in the air, are [...]

Family, It’s Complicated: Partners, Children, and the Bottom Line

2020-10-19T11:28:57-05:00By |Succession Blog|

“You Are like Family” is a phrase many often say to friends.  Over time and connectivity, the emotional ties with neighbors, teammates and colleagues grow to feel like family.  Bring this dynamic to your business, and the size and complexity of your family begins to grow exponentially. As a result, family dynamics can become [...]

Only Some Family Want To Work In the Dealership(s), What Should I Consider?

2020-11-17T11:14:55-06:00By |Advisor Collaboration, Burning Questions, Video|

Family businesses are complex and rewarding at the same time. Emotions, family dynamics and different expectations are involved, making it even more challenging. To ensure your vision for the business is carried out, and goals achieved, ensure you set the family up for success. Regardless of whether family wants to [...]

How Do I Navigate Family Business Dynamics If Only Some Family Want to Work In The Business?

2020-10-01T14:50:15-05:00By |Advisor Collaboration, Burning Questions, Video|

The key is to navigating family business dynamics is to first identify WHAT you envision to be the family legacy. Is it the business, or is it what the business provides to the family? Once the legacy is determined, identifying who wants to be involved versus not, is critical to [...]

What Are Strategies To Help My Son & Daughter Work Better Together?

2020-09-22T10:05:05-05:00By |Advisor Collaboration, Burning Questions, Video|

Conflict is inevitable in business, even more so in the family business. Understanding the impacts of differing personalities and behavioral traits is a key component for setting siblings up for success. Varying styles of communication, differing motivating factors and even differences in how one may handle stress can create unnecessary [...]

What Are Some Strategies For Addressing Uncomfortable Subjects During Times Of Stress?

2020-09-22T10:04:38-05:00By |Advisor Collaboration, Burning Questions, Video|

In times of crisis or stress emotions are elevated, making it even tougher to have uncomfortable conversations. Some may view these conversations as conflict, but in reality they do not have to be. When in doubt, the truth is the best policy. Communicating with confidence, empathy and authenticity can get [...]

Some Family Want to Stay In The Business, And Some Want to Leave, What Do I Do?

2020-09-25T10:04:06-05:00By |Advisor Collaboration, Burning Questions, Video|

Not all family members will want to be involved in the family business, it is just the way it goes. Even so, those who are actively employed and those who are not share one thing in common, all have emotions and expectations of how they expect to be compensated. As [...]

How Do You Navigate Business Transitions When Next-Gen Is Not Interested In The Family Business?

2020-09-22T10:06:52-05:00By |Advisor Collaboration, Burning Questions, Video|

When the next generation of family does not want to keep the business going, there are options available. You can liquidate, sell or keep the business long after you are gone. You first have to identify what your goals and vision look like, and then you need to rely on [...]

What You Should Consider If Family Is Not Interested In Working In The Dealership?

2020-09-21T14:26:46-05:00By |Advisor Collaboration, Burning Questions, Video|

Just because your kids do not want to be involved in the business, does not mean you are out of options for maintaining the legacy. The last thing you want to do is force your business down to the next generation who may not have the same passion for it, [...]

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