How to Prepare the Parents and the Child
Power Up your Potential
Family businesses should be banned by the Constitution of the United States…unless they follow my 13 rules. As a family business survivor I know what I’m talking about. I’m not just a scholar who talks about family business as if feelings did not count, and as if time and tears had not been invested.
As you know, the failure rate in trying to move control to a third generation is around 90%. One reason is that old bugaboo, family conflict. The schisms that we see in families–those patterns repeat. The business survives a schism between generations 1 and 2, but the pattern repeats and the business doesn’t make it between 2 and 3. Emotionally and financially, the effect can be devastating.
This is a special program because I believe in both the honor and contribution of family business. I also believe in its potential to destroy family and business.
In this program I work with the adult child involved in the family business. I serve as their mentor, an unbiased voice guiding them through the communication and leadership challenges that are specific to a family business.
This is a one year program. It consists of at least one in-person meeting per month, one phone session per month, one observation where possible. Access to me is unlimited for those times when it is necessary.