Business Tip Tuesday 🚀

Elevated leadership skills are necessary for the constantly changing business environment we face daily. Current advances in technology and digitization have rapidly increased the pace of change. Change is needed to remain relevant in the business world, yet many organizations F.E.A.R. (False Expectations Appearing Real) change!

What drives employee engagement? Commitment in the family business requires priority from everyone. The word "priority" might be a strange qualifier, but let me explain.

I believe commitment begins on a personal level. Without the foundational personal commitment skillset established as a priority, one cannot have high professional or organizational Commitment abilities.

Further, I think a connection links character with commitment. Commitment reflects what you want, and Character indicates how you will do it as a leader. Therefore, developing and maintaining a family business organizational Vision, Mission, and Values Statement is imperative. If you are serious, a family governance constitution formalizes with priority all family expectations, deliverables, and responsibilities.

Why do you feel stressed? This is a straightforward question with a surprisingly complicated answer.

I might also add that we are unique human beings in various ways, and stress triggers are unique to each of us. There are several accepted types of stress, and a better understanding of these types will help us understand why we undergo stress in the first place.

Succession in leadership takes time and is critical for success—a goal for every organization, especially a family business. Leadership is not for everyone and not a birthright either. When considering succession, whether in a family business or not, certain qualities must be considered for success.

Change is happening at 10x the speed of that 100 years ago, and the rate of change is expected to rise even further in the years to come. As a new supervisor or manager, your deliverable is learning to be proactive in front of the constantly changing landscape. The future is happening now; 40% of jobs today will cease to exist 10 years from now - buckle up!

Formulating a strategic vision for your family business involves creating a vivid depiction of your envisioned future. In essence, having a vision means possessing the capability to contemplate, visualize, and strategize for the future you aspire to reach.

A life vision, on the other hand, is akin to a vivid portrait of the ideal life you wish to experience, not just occasionally, but each and every day.