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Monthly Archives: November 2011
Growing up with downsizing
Do you sometimes think of the ‘good old days’ when you started in your family business with lots of business opportunities and a growing economy? As your children’s generation is starting their career in business life – things are very … Continue reading
Posted in Next Generation Development
Tagged downsizing, economy, next generation, philanthropy, Thomassen
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Do business owning families give adequate thanks?
Thanksgiving Day here in the States is this Thursday. It is a time where we celebrate and give thanks for all of the good things we have in our lives. Interestingly, in my early work with business owning families, field … Continue reading
Special Culture Stories
by John L. Ward The oldest working employee just retired – at 102! He worked for three generations of the Annixter family in Chicago. More than 50 years. His presence and contributions were acclaimed. A mid-sized family company in Thailand … Continue reading
Mixing It Up Around the Family Business Dinner Table
Every year at this time, the beginning of the Holiday season brings both increased opportunity for quality family time, and increased risk that mixing family and business discussions will result in added family stress. Our souls are nourished by connecting … Continue reading
Some Thoughts About Trust
Many people have written about trust in human relationships. I have collected some quotes on the topic and list some of my favorites below: Our distrust is very expensive. –Ralph Waldo Emerson The only way to make a man trustworthy … Continue reading
Posted in Conflict & Communication, Family Business Values
Tagged communication, Lansky, trust
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When Trust Has Been Broken
No matter how well intentioned, family relationships can sometimes go awry and trust can be broken. There is no simple solution to rebuilding trust, but here are some guidelines: If you have violated another party’s trust, you must admit that … Continue reading
Posted in Conflict & Communication, Family Business Values
Tagged communication, Lansky, trust
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Three Attributes of Trust
Working well together, sharing assets fairly, planning collaboratively for the future – these are among the most critical tasks of an enterprising family. They all have in common a fundamental basis in trust. In my experience, families who are able … Continue reading
Posted in Conflict & Communication, Family Business Values
Tagged communication, culture, Lansky, trust
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Contingency Planning
Contingency planning is important, but difficult to get excited about. Consider the true story of a man (we’ll call him John) who built a healthcare business from nothing into a $300 million conglomeration of facilities and operations in 6 different … Continue reading
The Novocain of Diplomacy
On a morning not long ago, while sitting in the dentist’s chair for my first (and please, please, please last) root canal, I was reminded of the importance of communication style. “Dr. Payne” (or as my kids call him, Dr. Thick … Continue reading
Posted in Conflict & Communication
Tagged communication, conflict, diplomacy, telford
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The road to ruin is paved with good intention – What it takes to be the company’s next leader – Part 3 of 3
In our line of work, it is common for one family member to describe another family member in less than glowing fashion. We hear a lot, no make that A LOT, of descriptions by one member of another that … Continue reading
Posted in Conflict & Communication, Next Generation Development
Tagged communication, conflict, leader, mendoza
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