Find entries by tag
- 21st century business (14)
- action (6)
- aspiration (10)
- business (8)
- business planning (21)
- business success (13)
- changing lives (10)
- charity (76)
- charity governance code (2)
- cic (5)
- CIO (2)
- coaching (16)
- collaboration (21)
- communication (3)
- community (1)
- community interest company (4)
- community shares (2)
- contract readiness (3)
- corporate culture (10)
- corporate personality (2)
- creative think tank (7)
- csr (17)
- decision making (4)
- entrepreneur (46)
- environment (2)
- ethical audit (1)
- exit strategies (3)
- family business (2)
- feasibility study (6)
- focus on action (4)
- Franchising (2)
- funding and investment (5)
- fundraising (1)
- goal setting (33)
- goals (2)
- governance (4)
- growth (8)
- i factor (1)
- ideas (2)
- income (1)
- innovation (18)
- inspiration (42)
- investment (4)
- leadership (8)
- local authority (9)
- marketing (45)
- mihm (3)
- new normal (1)
- niche (8)
- niche market (4)
- pandemic (2)
- passion (1)
- pricing (2)
- profit (2)
- public sector (6)
- relationships (2)
- responsible organisation charter (21)
- rethinking parks (1)
- ROC (3)
- rotherham (1)
- rural diversification (1)
- sales (7)
- sales training (1)
- sellability (1)
- sme (1)
- socent (13)
- social enterprise (40)
- social entrepreneur (2)
- social impact (6)
- social investment (1)
- solopreneur (1)
- staff engagement (6)
- stakeholders (2)
- strategic development (23)
- strategy (16)
- success (10)
- sustainable profit (4)
- team (1)
- team working (3)
- tendering (1)
- theory of change (1)
- time management (4)
- tools (12)
- travel (3)
- trust (1)
- trustees (2)
- values (35)
- vision (10)
- volunteering (4)
- winning by being good (6)
Posted by Bob Brown on 16 Aug '13
Family run business – challenge or opportunity?
The latest statistics are that more and more people are working from home and inevitably many of these businesses can be defined as family businesses. Indeed inspire2aspire is a family business.
When it goes well a family business is a joy. Like any business doing well generally means everyone is swimming in the same direction, the business is making money and everyone is doing jobs they enjoy. However when it goes wrong it can feel like there is nowhere to hide. Often the business comes home with you if you work with your partner and there can feel like there is no escape. The business and relationship become intertwined parents and children can fall out and it can all seem like it is too much.
The million dollar question – how to avoid this? Well while there is lots of emotion in a family business the disciplines need to be the same as in any business. Make sure people are playing to their strengths, encourage debate about important issues, have a clear vision that everyone agrees and clear values so everyone knows how to act. We’ve tools for all of these give us a shout if you need any of them. I'd particularly recommend the principles prioritiser(c) They help keep our family business on track.