The holidays are right around the corner. You have a not too frequent opportunity to speak with your entire family about the future. To talk about the business and what is going to happen.
Scheduling meetings or lunches or whatever to try and get to everyone during the year could be overwhelming. So how about taking advantage of the holidays? When pretty much everyone is already there. As for those who are not, there's always the phone.
No, I'm not talking about starting a bun fight. How about a quiet, private conversation with each family member individually. Take their temperature on how they perceive the business and their role or non role to date. What are their expectations for the future?
No need to discuss realities with them just yet. It's a time to listen 100% of the time. This is an exercise solely in understanding where they're coming from. You may be surprised by who steps up and who backs away.
That's it. No family feud at the dinner table, not an evil eye thrown or a dinner roll for that matter.
The best part is you may walk away having gained an even deeper understanding of those closest to you. And that my friends is a real holiday gift.
Wishing you all the best in this holiday season.
Cheers, Eric
Scheduling meetings or lunches or whatever to try and get to everyone during the year could be overwhelming. So how about taking advantage of the holidays? When pretty much everyone is already there. As for those who are not, there's always the phone.
No, I'm not talking about starting a bun fight. How about a quiet, private conversation with each family member individually. Take their temperature on how they perceive the business and their role or non role to date. What are their expectations for the future?
No need to discuss realities with them just yet. It's a time to listen 100% of the time. This is an exercise solely in understanding where they're coming from. You may be surprised by who steps up and who backs away.
That's it. No family feud at the dinner table, not an evil eye thrown or a dinner roll for that matter.
The best part is you may walk away having gained an even deeper understanding of those closest to you. And that my friends is a real holiday gift.
Wishing you all the best in this holiday season.
Cheers, Eric
Selling Businesses and Buying Businesses
