by David Bork
This column is being written while in South Africa, where I have been conducting a series of seminars titled, “Success and Succession in Family Business.“ Attendees in the seminars have been a mixture of multi-generation businesses with a long history of operation and at least one successful transfer between the generations, to those businesses still in their entrepreneurial stage and still controlled and operated by the founder, the entrepreneur.
I want to salute all entrepreneurs, the founders of businesses. God love ‘em! If it weren’t for these visionaries who create businesses and then want to share their delight in that business with their families, life would be quite different for a lot of people.
One entrepreneur exclaimed, “My business is the most important business in the world! It keeps a roof over my head, feeds my family, educates my children, pays my country club dues and makes my wife happy. I am the luckiest man I know!“ This is the kind of leader that inspires all who are around him.
In the March 2011 issue of the South African magazine, “Prestige,“ Charl Du Plessis writes that entrepreneurship entails four elements:
All this is true but not mentioned in the article is that entrepreneurs often have a “dark side.“ Unfortunately, even when they inspire, entrepreneurs can be difficult leaders, bosses, spouses and parents. Why is this so? It is because they have a number of qualities, which are sometimes contradictory. These contradictions make them complicated individuals who can have difficult relationships. The focus of this column is the entrepreneurial personality.
If you are an entrepreneur and reading this list you may be saying, “This can’t be true!“ Of course not all of these characteristics or behaviors will apply to every entrepreneur but many of them are applicable. For some entrepreneurs, reading this list may serve as a “wake up“ call, a bell ringing to suggest that it is time to examine the impact the business is having on self and on their family.
If you regularly come home from work and exclaim, “Wow! I had a great day today,…” then go on to discuss what you did and why it was so interesting, challenging and stimulating for you, it is likely that everyone in your household will develop a positive attitude about what you do and where you do it. They might even want to help out or even plan a career in your business.
If, on the other hand, you regularly come home to grumble and complain about problems at work, the stupidity of the people you work with and the insufferable demands of the customers, then your family members might think you are a saint for going to the business every day, but they won’t see it as a place where they would want to work. Be aware that wherever you go, you are teaching attitude.
Each person has the option of selecting their attitude for each moment or for the day. The attitude you select will be reflected back to you in all your interactions. If you project a negative attitude, then that is what you will get back from others. If you have a positive attitude, keep and project that attitude, the entire world will smile back at you. When that is not the case, take a good look in the mirror and ask, “What have I done to make this happen?“
Family Business Matters has extensive experience assisting family businesses. With many decades of experience, we understand the wide variety of challenges that families face as they work together to build, grow and sustain a thriving family business generation after generation. Through conferences, continuing education programs, family business retreats, speaking engagements and private family business consulting services, Family Business Matters has assisted more than 450 family-owned businesses around the world chart their way through family business issues of all shapes and sizes.
For more information on how Family Business Matters can help your family business survive and thrive, please contact us today at (970) 948-5077.
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