The only way we can achieve results through other people is if we maintain specific roles and understand the need for boundaries. When we define roles, responsibilities, accountability, ownership and private matters, we are creating boundaries. This is, in effect, strategic planning for your family business.
Family members must not meddle in areas for which they do not have responsibility. Failure to define boundaries between family and business often lies at the root of many family business problems. Boundaries need constant maintenance if they are going to do the job for which they are intended. You will find that well-maintained boundaries often provide solutions to family business issues.
Does Your Family Business Need Help?
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.