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Actual for You - Can Family Business Consultation Improve Your Business
Media Training: Interview Prep in an Era of No Privacy - 4 Steps to Avoid Becoming Media Roadkill ment. It may blow over and no one is bothered much by it."Privacy?There is no privacy. Get over it!" That comment just a few years ago by Scott McNeely, then CEO of Sun Microsystems, stated a condition that most people did not want to hear. A truth they did not want to believe. And a situation most people refused to deal with.But in the ensuing years it has become increasingly harder for people to keep their heads in the sand, especially if you are about to undergo media training for an interview with any investigative journalist. You should assume the reporter has details of your private life as well as your private business dealings. This is especially Even when this enters the workplace, it may still feel natural to you and you may not even notice - but other people do. And it often makes them feel uncomfortable. Simple conflicts and communication difficulties can block your business’s ability to thrive. The good news is that these challenges are easy to address. Family business consultants helps to: • Point out communication problems. • Coach family members on developing new communication patterns. • Establish regular times for family business members to have meetings. • Make meetings more effective and efficient. Clarify family member busin Lapsed Donors: How to Write a Fundraising Letter That Wins Them Back Do you know what family business consultation is? First let me tell you what it’s not: family business consultation is not therapy. Instead of focusing on the past and all the problems of the family, he focus is on improving the function of your business (which may of course also improve family relationships). We don’t go deep into your childhood or sibling rivalries. The results of this work are measured by improved business performance in the here and now.Your definition may differ, but I define a lapsed donor as someone who has not donated to your organization within the last year, two years or three years. Donors who have not sent you a gift in over three years are not lapsed donors. They are former donors.Lapsed donors are valuable. Unlike strangers, they have supported you before. And they believe in your mission enough to have sent you a gift (or gifts). That means they are worth mailing to. You can expect to receive an 11 percent response rate from a mailing to lapsed donors if your results are typical, says fundraising expert Kent Dove (C In my work with family businesses, there are four components that I have found to be crucial. These include managing conflict, succession, communication, and roles. Manage Family Conflict As part of a family business, you know how quickly conversations can degenerate into conflict. Arguments are more likely in a family business because family members are more comfortable with each other (and therefore less censored) than regular co-workers. Not only can workplace conflict hurt relationships among family members, it can reduce your credibility and professionalism with other employees. To get better results and enjoyment from your business, you and your family can: • Recognize the causes of business disagreements. • Change the course of communication before conflict develops. • Better understand family member’s views on business issues. • Assertively state your thoughts and opinions. • Develop a system for handling disagreements in a private office (not in front of employees). Do you think you and your business will perform better with lower conflict? I bet so. Plan for Change in Business Structure & Succession Your business will eventually change over time. You may consider bringing on junior partners, promoting someone, or creating new titles and responsibilities for people. Family members, business partners, or investors may consider a change in the business structure. Planning for succession is a key component to the success of a family business. To effectively plan for your business’s succession, you should be able to: • Openly discuss issues related to succession. • Learn how people really feel about taking over the business--don’t assume that your son or daughter really wants to or feels comfortable telling you how they truly feel. • Address potential challenges to a new partnership or business structure up front. • Anticipate family members’ and employees’ positive and negative reactions to changes. • Ensure a smooth transition into your new business structure. Enhance Family Business Communication Many of the family businesses I have worked with surprised employees (and even me!) by how much they argue. In your family, it may feel normal to have disagreements or even a heated argument. It may blow over and no one is bothered much by it. Even when this enters the workplace, it may still feel natural to you and you may not even notice - but other people do. And it often makes them feel uncomfortable. Simple conflicts and communication difficulties can block your business’s ability to thrive. The good news is that these challenges are easy to address. Family business consultants helps to: • Point out communication problems. • Coach family members on developing new communication patterns. • Establish regular times for family business members to have meetings. • Make meetings more effective and efficient. Clarify family member busine Three Reasons Every New Business Needs a Formal Business Plan know how quickly conversations can degenerate into conflict. Arguments are more likely in a family business because family members are more comfortable with each other (and therefore less censored) than regular co-workers. Not only can workplace conflict hurt relationships among family members, it can reduce your credibility and professionalism with other employees.It doesn’t matter if you are starting a multi-million dollar corporation or a roadside lemonade stand, everyone can benefit from having a formal business plan. In fact, it should be the very first step in establishing any new business. Here are three reasons why –1) A Business Plan Contains Feasibility Research. The process of creating your business plan allows you to better understand the feasibility of your business idea. Unfortunately, not all new ventures are going to be successful because of outside factors, such as location, market trends, etc. By identifying this early on, you can save To get better results and enjoyment from your business, you and your family can: • Recognize the causes of business disagreements. • Change the course of communication before conflict develops. • Better understand family member’s views on business issues. • Assertively state your thoughts and opinions. • Develop a system for handling disagreements in a private office (not in front of employees). Do you think you and your business will perform better with lower conflict? I bet so. Plan for Change in Business Structure & Succession Your business will eventually change over time. You may consider bringing on junior partners, promoting someone, or creating new titles and responsibilities for people. Family members, business partners, or investors may consider a change in the business structure. Planning for succession is a key component to the success of a family business. To effectively plan for your business’s succession, you should be able to: • Openly discuss issues related to succession. • Learn how people really feel about taking over the business--don’t assume that your son or daughter really wants to or feels comfortable telling you how they truly feel. • Address potential challenges to a new partnership or business structure up front. • Anticipate family members’ and employees’ positive and negative reactions to changes. • Ensure a smooth transition into your new business structure. Enhance Family Business Communication Many of the family businesses I have worked with surprised employees (and even me!) by how much they argue. In your family, it may feel normal to have disagreements or even a heated argument. It may blow over and no one is bothered much by it. Even when this enters the workplace, it may still feel natural to you and you may not even notice - but other people do. And it often makes them feel uncomfortable. Simple conflicts and communication difficulties can block your business’s ability to thrive. The good news is that these challenges are easy to address. Family business consultants helps to: • Point out communication problems. • Coach family members on developing new communication patterns. • Establish regular times for family business members to have meetings. • Make meetings more effective and efficient. Clarify family member busin Five Secrets to Thinking on Your Feet .Many times we are put into situations where we are asked a question and need to give an answer on the spot, or “think on your feet.” It could be a sales or customer service situation, your manager asking you for a progress report, a request for your ideas on a new community project, or a job interview.During these times we can feel the pressure. Our heart begins to race, we start to sweat, we feel our knees knocking, or we want to hide under a rock. This is because sometimes the answer we give could mean that big sale, the customer being satisfied, a promotion or raise, or that dream jo • Develop a system for handling disagreements in a private office (not in front of employees). Do you think you and your business will perform better with lower conflict? I bet so. Plan for Change in Business Structure & Succession Your business will eventually change over time. You may consider bringing on junior partners, promoting someone, or creating new titles and responsibilities for people. Family members, business partners, or investors may consider a change in the business structure. Planning for succession is a key component to the success of a family business. To effectively plan for your business’s succession, you should be able to: • Openly discuss issues related to succession. • Learn how people really feel about taking over the business--don’t assume that your son or daughter really wants to or feels comfortable telling you how they truly feel. • Address potential challenges to a new partnership or business structure up front. • Anticipate family members’ and employees’ positive and negative reactions to changes. • Ensure a smooth transition into your new business structure. Enhance Family Business Communication Many of the family businesses I have worked with surprised employees (and even me!) by how much they argue. In your family, it may feel normal to have disagreements or even a heated argument. It may blow over and no one is bothered much by it. Even when this enters the workplace, it may still feel natural to you and you may not even notice - but other people do. And it often makes them feel uncomfortable. Simple conflicts and communication difficulties can block your business’s ability to thrive. The good news is that these challenges are easy to address. Family business consultants helps to: • Point out communication problems. • Coach family members on developing new communication patterns. • Establish regular times for family business members to have meetings. • Make meetings more effective and efficient. Clarify family member busin Cranes Explained cuss issues related to succession.A crane, which is equipped with a derrick or tower, is used to lower and lift materials with the use of pulleys and cable. Heavy equipment manufacturers and the construction industry use cranes in various activities connected with their process.Cranes used in the construction industry are mostly temporary structures either mounted on a vehicle which is built for the specific purpose of carrying the crane, or fixed to the ground. Cranes may be controlled by various methods such as radio control, infrared control or a built in control station using a push button pendant or by an operator sitting in t • Learn how people really feel about taking over the business--don’t assume that your son or daughter really wants to or feels comfortable telling you how they truly feel. • Address potential challenges to a new partnership or business structure up front. • Anticipate family members’ and employees’ positive and negative reactions to changes. • Ensure a smooth transition into your new business structure. Enhance Family Business Communication Many of the family businesses I have worked with surprised employees (and even me!) by how much they argue. In your family, it may feel normal to have disagreements or even a heated argument. It may blow over and no one is bothered much by it. Even when this enters the workplace, it may still feel natural to you and you may not even notice - but other people do. And it often makes them feel uncomfortable. Simple conflicts and communication difficulties can block your business’s ability to thrive. The good news is that these challenges are easy to address. Family business consultants helps to: • Point out communication problems. • Coach family members on developing new communication patterns. • Establish regular times for family business members to have meetings. • Make meetings more effective and efficient. Clarify family member busin Use A Press Release To Explode Your Business Presence ment. It may blow over and no one is bothered much by it.Most business owners fail to see the benefit of using press releases as a way to get their online or offline businesses known. Because of this very fact those who do use them will drive a lot of new business to their online or offline business if done properly.If you think that your business is not newsworthy, think again. Go to Google news or any news related website and you will find many well-written, business related, press releases.A press release is simply unknown news. It doesn’t have to be breaking news. It only needs to be newsworthy. If you have a product or service that no one kno Even when this enters the workplace, it may still feel natural to you and you may not even notice - but other people do. And it often makes them feel uncomfortable. Simple conflicts and communication difficulties can block your business’s ability to thrive. The good news is that these challenges are easy to address. Family business consultants helps to: • Point out communication problems. • Coach family members on developing new communication patterns. • Establish regular times for family business members to have meetings. • Make meetings more effective and efficient. Clarify family member business roles The fourth key point is role clarification. A common problem in many family businesses is that individual roles and responsibilities tend to get blurred. Have you experienced this? You and your family members step on each other’s toes and it isn’t clear who’s in charge of what or whom? Business roles are different from family roles. This can become confusing – not just for family members, but also for your employees, and even customers. An absence of role boundaries often results in communication difficulties and conflict. To have a thriving family business you need to: • Clearly identify and label specific business roles for each family member and employee. • Ensure that each individual is content with his or her business role. • Outline job descriptions and responsibilities for each individual. • Create clear roles for new hires. • Establish the organization’s hierarchy and determine who reports to whom. As a family business, you have a unique opportunity to thrive. In my experience, family businesses have more passion, creativity, and loyalty than the average business. Once you harness these things and address the four components of conflict, succession, communication, and roles, your business will thrive. And on a final note, don’t forget to spend quality non-work-related time with your family members.
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