Strategy

Family Business Succession Planning

Succession planning is a process that every organization needs to be thinking about and working on throughout the lifecycle of the business. However, succession planning in a family-owned business has some unique challenges and considerations. More often than not, more than one family member is working in, invested in, or associated with the business. When your business associates are the same people you celebrate special occasions and holidays with, you need to be even more intentional about not damaging relationships in the process.

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5 Signs Your Culture is Failing

Culture. How a common group of people think and treat each other. It’s the expected way people behave. Your family has a culture. Your group of friends has a culture. The team you work with has a culture; and so does the company for which you work.

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To Achieve Amazing Things, You’ve Gotta Take Action

How many articles have you read by now about setting goals and New Year’s resolutions? “They need to be realistic. They need to be achievable. They need to inspire you.” Yep, we get it. They need to be all of those things. And it feels amazing to set goals; to get yourself back on track.

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It’s All a Matter of Perspective

Consider this all-too-familiar scenario: You’re driving to work behind an SUV that abruptly stops before an intersection. No turn signal, no warning. Just stops in the middle of the street. How inconsiderate! You could have wrecked! So you lay on the horn, angry and flustered, yelling a few choice words.

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We’re Leaves On A Vine

Think of the leaves on a vine as they grow up the side of a building. They’re beautiful. They blossom, they grow, and eventually, your entire building is covered with them. As the autumn season approaches, one by one, they start to turn colors. Some yellow, some red, some brown. So many leaves to admire, and every time we look at them, we think of the beauty they bring. Then they start to fall off. Until only a few are left. What will replace them? Naturally, new leaves blossom and grow in their place. They start out small, and then repeat the cycle.

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Be Present. Be Mindful.

“The best way to capture moments is to pay attention. This is how we cultivate mindfulness. Mindfulness means being awake. It means knowing what you are doing.”

-Jon Kabat-Zinn

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The War on Talent

Recent reports have shown that more and more people are finding jobs. And for those of us with an ongoing need to hire great talent, that’s not necessarily good. KETV recently reported that Nebraska’s unemployment rate has dropped to an astonishing 2.7%. So our question is: Do you have a plan to win the war on talent?

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Succession Connection

The moment we hear that business leaders and executives are working on (not just talking about) succession planning and building talent depth charts, we are ecstatic! Because the truth is, many talk about it, but don’t put any action behind the words. Sometime in the future, we’ll hear, “Yeah, we were talking about creating a succession plan for that role. We just never got around to it.”

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Lessons from Dad, CEO

Lesson Two:  We’re all in this together…believe in one another!

Every family has unique dynamics and each member carves out a role that just seems to fit his/her strengths. Among the many roles, there is usually the role of “person in charge,” the role of “peace keeper,” the role of “challenger,” and the role of “planner/organizer.”  And in some cases, multiple people want the same role; which can cause conflict within the family. To add to that, the role in the family may not match the position they hold within the company.

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Fear of Change

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.

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