How often is it that we don’t give ourselves enough credit for what we bring to the table? We’ll look at that in our Thought of the Day. And in our interview segment: there are benefits of a family-owned business and, as you know if you’re in one or have had one, there are perils as well. That and more on today’s show.
Bob’s Thought of the Day
- The key to being a part of a team is to understand and utilize both your strengths and the other person’s strengths.
- Advice from leadership icon John Maxwell about focusing on your strengths.
- How to make the biggest impact by focusing on the strengths of team members and combining them correctly.
Interview with Kathy Kolbe
- Kathy’s personal definition of success and how it ties into success in a family-owned business.
- How Kathy developed her expertise in the area of understanding and clarifying instincts.
- How instincts work in a family business.
- Why gender and birth-order differences should not dictate roles in a family business.
- Why Kathy and her daughter were so open and disclosed their family issues in their new book.
- The importance of keeping family issues separate from business and financial issues.
- The reasons why only 15% of family-owned businesses make it to the third generation, and how to deal with sticking points in the transition between the second and third generations.
- Why protecting your kids from failure will prevent them from growing into great leaders.
- Kathy’s strategy for successfully transitioning out of her family business.
- Why every business founder needs to have somewhere to go when it’s time to exit.
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- Business is Business: Reality Checks for Family-Owned Companies by Kathy Kolbe and Amy Bruske
- Business is Business book (more information)
- Kolbe A Index
- Follow Kathy Kolbe on Twitter