The family business is as American as apple pie and the Fourth of July parade. Companies such as Ford, Marriott and Wal-Mart are only a handful of family-owned, corporate giants that come to mind. And although there are more than 100 million family businesses in the United States, only about 30% of family businesses survive to the 2nd generation, and 12% to the third.Read More›
When you think of the word “discipline,” what comes to mind? Do you get a picture of correcting employee behavior? “Adam did something wrong and I need to discipline him.” Maybe you get a vision of a tedious, non-motivating, static environment opposed to change and to be avoided if given an option. “You can’t even breathe in that department. Anything you do that is outside of their discipline is a cause for a personnel action.”
Somehow along the way, discipline has become more closely aligned with punishment or oppression than the original definition (which was to teach or instruct). The fact is that discipline can be a good thing…Read More›
If you’re a business owner or executive, you’re probably working hard to grow your business. And sometimes that means sleepless nights; long days. It can be hard not to think about business. And as the business grows, things change. Or at least they probably should. When we try to keep doing what we’ve always done, we soon realize that it won’t work. Now we have growing pains.Read More›
Lesson One: Every family member earns their position. No free rides.
Parents are parents forever. That’s a given. As parents we want to give our children every opportunity to be successful. Why not? We have nurtured them, guided them, and taught them in hopes that one day they will grow up and be successful and contribute to society. We have also protected them. We don’t want any harm to come of them. No hurt feelings, no life setbacks.Read More›
Have you ever watched a dog laying casually in the yard when suddenly, something catches his attention? A squirrel! He’s no longer interested in basking in the sunlight because he’s going to GET THAT SQUIRREL! He stops what he was doing and chases the squirrel. And most often he doesn’t catch it. Still, he stands at the bottom of the tree for a good amount of time, wondering (I’m guessing here) if he can climb the tree…or hoping the squirrel will magically slip off the branch and fall into his mouth.Read More›