FREE RESOURCES PERTAINING TO CONFLICT RESOLUTION
Conflict is unavoidable, even in the closest families and the best-run companies. Successful business families learn to manage such differences. Indeed, they are apt to find that discussion of alternative viewpoints often leads to constructive change. Business owners who never developed conflict-resolution skills may hesitate to put interpersonal issues on the table for fear that the mere articulation of their feelings will damage their relationship with the other party.
PERTAINING TO HOW TO CHOOSE AND USE ADVISORS
The success and survival of your family business may depend on the professionals you choose to advise you on matters of finance, law, tax, family relations, business strategy, succession, and other issues.
Leading a family business can be one of the most complex jobs imaginable. For its owner, the family business is a crucible for some of life’s greatest challenges: growing a company, leading a family, nurtured loved ones – the same crucible in which the business owner’s own life story and personal financial security are formed. Every business owner needs help from time to time. Good advisors can assist by drawing on their experience with many family businesses. They can help solve problems and resolve conflicts. They can ease the isolation of running a business by showing that other business owners share similar problems. In that process, the advisor also protects business owners from the need to reinvent the wheel.
Yet many business owners don’t get the advice they need and deserve. Many hesitate to seek the best advisors. Instead, they “under hire” out of modesty, loyalty to long-time advisors they have outgrown, or a sense of comfort with advisors who don’t challenge them. Other business owners aren’t sure when to call an advisor or what kind is best suited to help.
HOW TO CHOOSE AND USE ADVISORS