Recently, I visited the Grand Canyon. For the fourth time, I had the opportunity to witness this majestic natural wonder. Every time I go, it takes my breath away. If you have been to the Grand Canyon, you know that you can see the canyon from many different viewpoints. You can stay safe and walk only along paths that have guard rails (sturdy dividers between you and the vast drop to the bottom) or you can hike down to more rugged areas and find flat cliffs that jut out over the canyon. These areas have no guard rails and no protection from falling.Read More›
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. A guide to hiring family members.
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; all in hopes that one day they will grow up, be successful and contribute to society. And we have to protect them. We don’t want any harm to come of them. No hurt feelings, no life setbacks. In that endeavor, as an owner of a family business, we have resources available to us to create opportunities for our children to become successful. And this is an opportunity they may not have in other companies. We’re very good at utilizing all of our resources! So we end up hiring family members.Read More›