Navigating Family Business Challenges

Family Business

Navigating Family Business Challenges

Do you have a family business or work for one? Here are some tips for having a strong culture and business! Family Businesses can have unique cultures that require intentional efforts, however many of these tips are great for any business.

I suggest that you Have Clear, Consistent Guidelines For Performance And Operations

Often in family businesses, family requests and behavior are given exceptions from the rules. This creates division, resentment, and confusion among the team. Favoritism to family friends on the team and long-term team members who become “like family” extends these blurred lines. To help keep a healthy culture, it is critical owners have clear guidelines that apply both to the family and the team.

Other members of the Forbes Coaches Council to share more advice for handling the unique challenges that come with the territory.

https://www.forbes.com/sites/forbescoachescouncil/2020/01/17/15-tips-for-navigating-family-business-challenges/#5ffd27778a92

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