As a parent we
want to do the right things correctly.
As leaders of
the family business we usually want to build the family legacy and have the
business thrive for generations.
In a recent Webinar, Dr. Steve Treat
itemized what he believes are the three highest corollaries’ for the successful
transition of a family business.
1. Family Meetings that not only discuss the
business but the family.
2. A family business leader that steps down
and turns the business over to his/her successor in a timely fashion.
3. Peerage.
In the webinar
Steve outlined very specific steps for parents (steps that apply to children of
any age) to build relationships and relate to their children as peers.
The
goal of Peerage and Adulthood:
-
Building an identity of their own
-
Having accomplishments of their own
-
Learning how to think on one’s own
-
Asserting oneself respectfully
-
A clear understanding of roles
-
No sense of entitlement
The many ideas
for the basic of growth parents included: to learn to be friends with our adult
children, learn how to build a peer relationship with them, learn how to build
mutuality, have boundaries, and build integrity. Steve states there is every
reason to believe the family and the business will thrive.
This is a must
see webinar for any parent.
It is an
absolute must see for Business Families striving to build their family legacy.
The webinar is
available in archives of The Network of Family Businesses.
I am happy to be here. I am writing a book titled 'The kings Dirge'.The book is all about succession planning I find some of the materials here useful how may i refer to them. I have limited internet in my village here in Africa.
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