Management | Family Business Pointe

Convincing Your Business Partner to Bring on an Outside Advisory Board

This can be a tricky question for any type of business partner: father, brother, spouse, friend or used-to-be friend. The key is getting through the first level of resistance and finding the authentic reason your partner is resisting. What he is saying is likely not the real issue. Here are the most common root issues: […]

Process vs People…What are You Really Managing?

Leadership, Management

So much of people management is really process management… A short blog about people management is a risky endeavor—how can one write in a few short paragraphs something valuable when there are thousands, if not tens of thousand of books and training on this topic. My short poke at this saturated topic, particularly when family […]

What is an Outside Advisory Board for Small Family Business?

Leadership, Management

Nearly every formed Corporation or LLC, by law, is required to have a governance structure, usually called a Board of Directors. Most companies, particularly small businesses, or small family businesses, take this requirement and rubber stamp it with a few family names. Dad, of course, is the board chairman. Mom might be the secretary and […]

What Should a Succession Plan Look Like Inside Your Family Business?

Management, Succession | family business succession plan, succession, succession planning

Succession planning is a very real factor for most business—not just family businesses. A change in leadership, for any business, will inevitably come and those changes, naturally, are best managed when they are well planned. If you have an Advisory Board or Outside Board of Directors (which you should have but likely don’t), you should […]

Are You Afraid to Show & Tell Your Small Business to an Real Board?

Leadership, Management

Using a real Board of Directors from outside the business takes some real courage! Let’s be honest here—none of us run a perfect business. We all have business warts and bald spots that we would rather not show outsiders. We, more than likely, will be embarrassed by how much money our company does NOT make. […]

Strategy & Execution are NOT the Same Thing

Management

Here is a small blog to talk about strategy and execution—two topics that have libraries of information each. My purpose here is to simply point out that Strategy and Execution are NOT the same things! Even more, it is critical for family businesses to treat each topic seriously. Are you taking the time to really […]