Originally appeared on MichiganMomLiving.com: Do and Dont’s: Preparing Kids to Take Over the Family Business Too many family-owned business leaders put more energy into passing on wealth without passing on the secret sauce – the […]
Your First-Born May Not Be the Best CEO for the Family Business.
Have you looked at your teams lately? I mean really looked at them and asked “How did my team(s) do this past year?”
Remember that for most things, there’s no one-size-fits-all answer and you’ll need to look at your MO to find the best ways of achieving your goals this year.
The key to long term sustainable success is finding that “sweet spot” where everything aligns.
Organizations will need to hire individuals with diverse conative strengths (in all four Kolbe Action Modes®) in order to build synergistic and innovative workforces.
Can you teach people about conation in any location – even in outer space? One Kolbe Consultant decided to find out by taking a group of executives into the “Final Frontier” – or at least, a close facsimile.
Research at the Family Business Institute states that only 12 percent of family owned businesses make it to a third generation.
When family members come into a business, they need to be able to add value to it—and the business needs to add value to their lives.
If you take the time to tap into your MO, that’s when you find true success. And that’s when you can get to work helping other people put on their oxygen masks.