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Passing Your Business to the Next Generation

Passing Your Business to the Next Generation

Should you pass your business down to the next generation? When you have family working in your business, it is a wonderful thought that your family can carry on what you have put so much energy, sweat, tears and love into. But statistics show that only one-third of...

Creating Healthy Work Boundaries

Creating Healthy Work Boundaries

Unhealthy work boundaries create hurt feelings, unrealistic expectations, lack of accountability, to name a few. In family businesses, unhealthy work boundaries may go unnoticed as cause for business issues. When these problems are solved, businesses transform. Fixing...

Why Is Delegation So Difficult?

Why Is Delegation So Difficult?

Eli Broad is quoted as saying “The inability to delegate is one of the biggest problems I see with managers at all levels.” I see that as well.  There are two major reasons why managers avoid delegation: they don’t want to lose control and they believe no one can do...

Guidelines For Effective Delegation

Guidelines For Effective Delegation

Contrary to popular belief, delegation is not “dumping” work on other people.  Make it a part of your management system for getting work done through other people by creating an environment in which they want to do the work and are able to do the work. There are four...

Five Basic Principles of Working Relationships

Five Basic Principles of Working Relationships

Unless you’re a sole proprietorship, you’ve probably seen the effects of working relationships that don’t work. Working relationships that do work are characterized by open and respectful communication, accountability and trust. Many business owners, managers and...

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