Davis, establishing a governing arm and, also, including a board of directors or advisors (one or a few, depending on the size of the business) comprised of non-family members.
Often, it’s better to have an objective view from someone (like your favorite business coach) who won’t be swayed by underlying family dynamics.
If you’re running a family business, chances are you’ve run into snags a time or two with your staff members – namely, your family members.
Knowing how best to navigate those waters can be tricky and ensuring that everyone comes out on the other side without hurt feelings takes a special touch.
You may face the problem due to finances, misunderstanding, competition, and disagreement about thoughts or any other reason.
Let it be the issue with your spouse, parents, children, in-laws or any other relatives.
With governance, trust grows and discipline is inherent.
It means that everyone has a voice and an opportunity to take part in different aspects of the business. This is true in any relationship – we hear it in marriage vows between two partners committing to sharing their lives together; we see it in strong business relationships; we practice it in our friendships.
If you would like to learn how to better align your family member partners, and resolve your family business problems, fill out my contact form and let’s schedule a complimentary one-hour coaching session.
Every family is unique but one thing is common, that is family conflicts or you can say family problems. Sometime, some issue might crop up from somewhere out too.