Keeping it in the family
Many small businesses are family owned and run. Which can be both a blessing and a curse.
A blessing because you have a close knit support structure around you and you and your partner are working towards a common goal.
It becomes a curse when that close knit support structure is all you have. Or when you and your partner no longer see eye to eye about what is best for the business and the family.
Now these are problems that any business partners can face, related or not. But things become a bit trickier when you both start taking the same problems back to the same house at night.
So, often, I encourage my clients to involve their family members in the coaching journey, particularly if they have a say in the day to day running of the business. They may join every session, or they may only dip in and out as the need arises. However we choose to approach it, it’s undeniable the benefits it brings to the process.
For a start, coaching sessions provide a trusted environment for discussions that may otherwise become too emotional.
Business decisions are reached collectively, not unilaterally.
Goals are set with both parties’ interests in mind and these goals are regularly assessed to ensure things stay on track for success.
Best of all, both partners actively work together towards their end objective, whether that is to sell the business, leave a legacy for their family or simply to have more time together away from the stresses of the business. Which increased their chances of reaching those goals that much quicker.
Ready to take your family business to the next level? Take our quick 3 minute Next Level Assessment Quiz to find out, and then book your complimentary coaching session to chat about the results and how to take things forward in your business.
