Family Business Employment Policy: Individuation

This discussion relates to the second half of the Philosophy section developed by the Wilson family. As you review the elements below, I encourage you to think about the discussions the family must have had in the process of arriving at the statement.

By |2018-06-05T17:05:52+00:00June 1st, 2018|Categories: Articles, Family Relationships, Family Values, General, Managing Family Business|

Part Two: Family Business Employment Policy: Philosophy

This discussion relates to the second half of the Philosophy section developed by the Wilson family. As you review the elements below, I encourage you to think about the discussions the family must have had in the process of arriving at the statement.

By |2018-06-05T17:06:00+00:00May 15th, 2018|Categories: Articles, Family Relationships, Family Values, General, Managing Family Business|

Part One: Family Business Employment Policy: Philosophy

The process of building this policy required a great deal of discussion among the Wilson family. They needed to articulate who they were and what they stood for, and then they had to craft a statement that would work for them.

By |2018-06-05T17:06:09+00:00May 1st, 2018|Categories: Articles, Family Relationships, Family Values, General, Managing Family Business|

Family Business Employment Policy: “The Rules of Engagement”

Every game, including the “Game of Life,” has rules of engagement. Family businesses are best served when they clearly define the terms and conditions of employment for family members and for non-family.

By |2018-06-05T17:06:22+00:00April 1st, 2018|Categories: Articles, General, Managing Family Business|

Eloquent Advice For Families in Business – A Letter From a Mother to Her Sons

Letter WritingWriting a letter that expresses business advice from the leader of a family business to the successors of the business is an excellent method for examining what is truly important. This exercise allows the family business leader to reflect on the values of the family, review past challenges and provide invaluable family business advice that will provide beneficial guidance.

Is 10,000 Enough?

The 10,000 hour rule summary implies that it takes a minimum of 10,000 hours of focused effort to develop a skill and even more to get to the point where others call a person gifted at that skill. In a normal job, a person works 2,000 hours in one year, and 10,000 in five years.

The Little Red Book of Family Business Published in Turkey!

The Little Red Book of Family Business, a compilation of quickly digestible ideas and tidbits about working and thriving in the complex world of family business, has been translated to Turkish and published in Istanbul. The book focuses on a set of ground rules that define expectations for how family members will function in a family business.

By |2017-07-10T13:48:20+00:00July 25th, 2012|Categories: General|

“Because I Said So” is Not a Corporate Governance Structure

business-successA corporate governance structure is a collection of customs and policies that affect the way a corporation is administered. This type of structure provides an internal discipline on how family and non-family members function within the business. A corporate governance structure helps professionalize the way a family business operates.

Defining Boundaries

business-successThe process of family business strategic planning involves establishing and defining boundaries and maintaining specific roles. Failure to define boundaries between family and business often lies at the root of many family business problems. Family business boundaries need constant maintenance if they are going to do the job for which they are intended.

By |2017-07-10T13:48:22+00:00June 30th, 2010|Categories: General|

Creating Structure Within a Family Business

business-successAs a family business grows, the need for a well-defined family business structure becomes more important in order to keep the business growing. Once the entrepreneurial stage passes, more family business structure is required to define how the founder will interface with the business and find solutions to family business issues that arise.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

 

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