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Families in Business Blog

Family business - stay as you are or take the big leap forward ?

Successful families in business have meet the challenge at a point in time of taking the leap from where they are now to embracing a big picture vision of the future. They take the lead and everyone they touch along the way wants to be on board
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Smart business owners write it all down

One of the reasons that Franchising is so successful as a business format is due to the fact that the operating system for the everything that happens has been written down.
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Future generations are going to be very different in family businesses

As the leader of your family business are you able accept that they don't think like you, they don't dress like you, they don't work like you and that you could be the one holding back the success of the business
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Family business is slow to take up the advantages of "Lean Thinking"

This is a classic example of they don't know what they don't know. Many business owners believe that LEAN processes are for large companies. The savings become so obvious when you start with a different way of thinking.
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In 2014 you cannot drive strategy from the top down without enagagement

Often your employees know as much about your business as you do. You would be foolish to not engage them in your future strategic direction and ask for input.
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Can your employees explain what your strategy is to get to your future vision?

If your employees were interviewed and asked to explain your future vision and the strategy in place to get there what would the the answer be ?
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Why do so many companies fail to get their internal culture right?

Internal Culture
Turf wars and silos exist in most businesses I have worked in over the years and it is my single biggest frustration and is the primary cause in killing the ability to build a pervasive culture that is positive, your culture should be the internal glue that leads to success.
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Time to focus on the ability of Small to Medium Enterprises who are the engine room in our economy

Head in Sand.
I am becoming increasingly concerned with all the talk about the need to invest $ millions in retraining for those who are coming out of industry segments that are in decline. What about investing in the skills of small to medium business owners who will be ones who are in a position to to employ more people in the future.

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The internal culture in family and private owned companies is the glue that brings sustainable success

As I move about and work with families in business and other private business operators I see a diverse range of internal business cultures within many of them. There is such a disparity between those who have got it right and those who fail to understand what is really going on in their business with their people. It’s been the greatest challenge of my advisory work in this segment and the most rewarding when we get it right and everyone embraces change
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Success of any organisation always reflects back to leadership

I saw some recent research that suggested that four out of five executives were dissatisfied with the the leadership in their organisation and I often hear that most people leave an organisation due to the performance of their immediate supervisor. There have been many books and articles written on the subject of leadership over the years and everyone I meet has an opinion on leadership. They also are quick to tell you about the terrible bosses that have worked for.
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