Family Business: Avoiding the Hysteria of a Kicked Hornets Nest

A hornets’ nest or even a beehive from afar appears to buzz with activity. It’s interesting to watch nature in action, which ironically is very similar to families and working in a family business.  Each individual plays roles and a set of standard operating procedures that allow the hive to run smoothly and efficiently.  When done in unison and as expected, the hive buzzes with focus and activity, not bothering anyone outside the pack.

These same behaviors exist in the family business. Whether you are family in the business or you work in a family business, there is a hierarchy that sets the tone and goals for the company, and then the worker bees that help achieve them.  However, like in the beehive, things can get messy if one strays or does not work or live up to expectations.

When working in a family business, specific topics can be taboo to discuss, so they are shut behind the big red door – DON’T TOUCH! But, unfortunately, the big red door creates a dysfunctional functional norm for everyone who works in the company.  And, if you are family in the business, avoided hot topics have the power to impact relationships, the ability to get things done, and can exacerbate drama at business meetings and family holidays. 

In this episode, Kendall Rawls share insight and strategies to

• Understand what creates the fear and anxiety working in the family business
• Identify communication strategies to discuss complex topics at work (and at home)
• Learn how to balance both working with the family and in the family business
• Embrace your self-worth and build your confidence, regardless of your role

Without leveraging the tools available, the hive will be blown to its side, creating hysteria and infighting.  However, active problem solving and leveraging tools readily available can keep the hive calm, productive, harmonious, and even allow everyone to grow closer together

This episode is a bit of a departure from our standard conversational panel.  Let us know how you like the format and what other family business or family, succession, and business topics you would like for us to drill down, discuss and explore.

For more resources on building a strong business and succession planning, visit www.seekingsuccession.com. And leverage our Succession Readiness Survey. A 7-minute investment in time will put you in an informed position of opportunities many business owners overlook impacting business value, growth, lifestyle, and ultimately achieving your vision.