Category: Uncategorized

What should a founder do when a family member’s performance at work is poor?

What should a founder do when a family member’s performance at work is poor? Founders of family businesses often agonize about how to handle a family member who is visibly underperforming on his job. Such underperforming family members in senior roles impact not only the business but also the morale of employees because they see […]

Workshop: Managing a Multi-Gen Family Business

4 Ways of Managing someone who takes offense easily and gets into frequent conflicts. 

Family Business Notes   4 Ways of Managing someone who takes offense easily and gets into frequent conflicts. Managing a family member who takes offense easily and gets into frequent conflicts can be difficult in any business, but it can be especially difficult in a family business where personal and emotional dynamics are often at […]

A book Family Business Founders must read

A book Family Business Founders must read As we exit the year 2021 here is a recently published book I recommend about turning around a traditional family-run business into a professionally managed world-class listed company. This book is co-authored by the world-famous management guru and author Prof. Ram Charan who has been a mentor and […]

Every family business founder faces this challenge

Every Family Business Founder faces this challenge Even though our children have led a privileged life of luxury we want them to be frugal, ambitious, hardworking, focused, and street smart. So how can I pass on my middle-class values to my children even though they were brought up in wealth? The journey of entrepreneurs is […]

Succession Planning in a Family Business

Succession Planning in a Family Business

The 3 hurdles to Teamwork in a Family Business

The 3 hurdles to Teamwork in a Family Business In a family business, the founder shapes the culture of the organization and the relationships between family members.  The first hurdle to smooth teamwork in a family business is the absence of trust. Family members are unwilling to be vulnerable. They don’t openly share their mistakes, […]