so your vision is never lost.
LEADERSHIP INSIGHTS
There are many advantages and disadvantages to having a family business. The key is to understand and capitalize on the positives like: speed of decision making; solidarity; being a true team; having a legacy for future family members; authenticity; trust; and sometimes control. Additionally, families may be primarily there to provide emotional income, and can utilize the structure of the business to protect and improve that emotional income. The business may be there to provide a living for the employees […]
In this week’s video blog our expert guide, Don Hadley, discusses the value of having and working through good conflict between team members and with the team and the leader. Whether you are a part of a small team or a very large team, one of the most important elements is that of engagement: – Team Members engaging each other – Engaging in good conflict – The Leader engaging the Team Having conflict or different viewpoints or frustration can be […]
In this week’s video blog our expert guide, Don Hadley, discusses the importance of families telling stories. Readers Digest published an article about how family stories play a vital part of children’s development. Not only are these children better able to communicate but they are also better able to understand emotions and have higher self-esteem, which can lead to increased coping skills. Whether it is a family or business, make sure you are telling your people (family or teams) about […]
I used to think that when there was a teachable moment for others, when there was time on their part and mine, and they were open to learning new things, I should teach… Wrong! I have learned that when an exciting opportunity or a potential crisis occurs, there is a need that others have. They must handle the opportunity or the crisis! They have a need to learn and perceive it, so I may be able to teach them. I […]
In this week’s video blog our expert guide, Don Hadley, discusses the difference between consultants and guides. Let’s start with the definition of consultants: “People who provide expert advice professionally.” (from Merriam Webster) They then tell you what you need to do and then leave. Merriam Webster Dictionary defines a guide as “a person who leads or directs other people on a journey.” The next time you are wondering if you should hire a consultant or if you have had […]
In this week’s video blog our expert guide, Don Hadley, discusses how life and business are a safari of the heart. This adventure we call life changes, and we can sometimes lose our sense of self and wonder. Our job at Applied Vision Works is to help people (individually or as an organization and team) go on a “safari of the heart” and pursue those things they would not normally do. We encourage you to ask yourself the following questions: […]
At Applied Vision Works, we work with many types of organizations (public, non-profit, government, educational institutions, manufacturing, etc.) We are finding that we are working more and more with “family” businesses. Below are some interesting things about family business according to a report published by the University of Vermont: There are 5.5 million family businesses in the US. Contribute 57% of the U.S. GDP (that’s $8.3 trillion) Employ 63% of the workforce Create 78% of all new jobs 35% of […]
You cannot out think a man who does not think. There is so much focus on financial capital, yet it can be forgotten that most businesses start with human capital (which is both physical and emotional capital), built on spiritual capital which then creates intellectual capital. Financial capital is a byproduct. In second generation businesses and in wealthy families, the focus can become on money; whereas the focus should be: How do we keep building and improving our physical, emotional, […]