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Discover why traditional frameworks fall short for family businesses and how emotional intelligence and identity can unlock leadership potential. In this first installment of our three-part series, explore the unique dynamics of family enterprises and gain practical insights to enhance leadership effectiveness.
Navigating CEO succession in family businesses requires balancing emotional dynamics and legacy considerations with the objective expertise and strategic focus an external CEO might bring, ensuring the best interests of both the family and the business are prioritized for long-term success.
Family businesses are known for caring for staff and their extended families. Relationships are essential. Health care options are an important component of this care - but costs are spiraling out of control. We discuss this challenge and seek to identify options.
Transforming the culture in family businesses requires unique approaches due to their deeply rooted traditions and complex dynamics. By leveraging their strengths, involving all generations, and introducing new rituals, family businesses can align values with goals, fostering an environment of psychological safety and emotional intelligence for improved engagement and productivity.
Emotional Intelligence (EI) is key for family businesses. This post explores how self-awareness, empathy, and self-regulation can transform family ties into business assets, fostering a culture of professionalism. Learn strategies for embedding EI in your family enterprise, and pave the way for a harmonious, successful legacy.
Explore the fine line between rumination and reflection. Learn to recognize the signs of harmful overthinking and embrace constructive self-analysis. Grounded in psychological research, this post offers simple yet profound strategies for turning inward musings into positive change.
Discover ways to navigate conflict in family businesses through emotional intelligence and open communication, turning challenges into opportunities for innovation and strengthened relationships.
A mental health study found that entrepreneurs have a higher prevalence of depression, ADHD, addiction, and bipolar disorder than the general population, with anxiety being the only mental health disorder with similar prevalence. Successful business owners have developed coping behaviors, but transitions can increase complexity, confusion, and conflict. Business owners can respond to mental health challenges by building self-awareness, other-awareness, busting the success bias, and closing the skills gap by creating a team with the right skills.
Advisors often attribute failed business deals to the colloquial term "cold feet," which they consider an irrational phenomenon. However, this explanation puts the burden on owners, and the root cause of many failed deals is left unresolved. Orange Kiwi's Clear Water Insights offers a better way with the Owner Transition Profile.
This mini case study is designed to help you learn how pausing helps you prepare for and move through significant transition points in your family business.
Transgenerational trauma (TGT) plays a major role in shaping the dynamics of successful business leaders and family businesses. Read more about how it works in this blog.
Responsible leadership principles drive successful owners to intentionally consider how their business transition impacts family, key leadership, community, and customers. Here are three truths to consider.