Breaking free to the ultimate you!

Archive for June, 2011

Family Members Working in the Business

Dear Coach Pete: Our business is growing and as a result I hired my wife, two sons and a daughter-in-law about two years ago. What can I do to reduce the interpersonal tension? It’s causing a lot of problems in our once loving family.—Fred

Dear Fred: This is a challenge shared by many family-owned businesses in varying degrees. If it isn’t nipped in the bud it could cause serious consequence.

A family business can be the most rewarding and enjoyable way to express your talents and create wealth or it can be a nightmare. Here are a some suggestions, keeping in mind that the business and family relationships should be kept separate as much as possible:

  • Get a vision in your mind of how well you are all communicating and handling business decisions when you and your family members are in harmony and synergy with each other.
  • Start creating an environment and process that foster open and proper communication with each other.
  • A good way to start this process is by having a business family meeting for the purpose of brainstorming ideas and solutions. Have a specific agenda, keep it up beat, engage everyone to participate and write down every suggestion without judging them. Occasionally include some of you own to keep the flow going.

Include on your agenda questions such as-Would it be helpful to keep our business and family relationships separate? If so, what could we do to create a process to effectively communicate and make decisions without affecting our family life? How can we be a family and business associates handling the challenges, stress, accomplishments and successes while still growing the love and respect for each other.

You will be surprised how many good suggestions will come out of this, more importantly the synergy that will be created. With that information you will be well on you way to creating a more harmonious culture in your business. If need be, bring in an outside coach to facilitate the process, to dig deeper and offer different perspectives to the issues involved and/or mediate any real sticky issue.

Are You In Business For Your Self?

If you own a business, have a job, are unemployed or retired, and you receive and spend money, the answer is “Absolutely yes.” Why? Because in today’s world your whole life is a business.

If you are an owner of a business: You either bought it or created it to sell products and/or services and you conduct the business assuming full control, responsibility and risk.

If you are employed or contracted by a company: You are responsible for fulfilling the tasks and mission for which you were hired. You are using your skills and talents. Therefore, you assume part of the risk.

If you are unemployed and are seeking employment: You’re in the business of marketing and identifying and selling your skills and talents.

If you are retired: You are responsible for using your skills, talents and interest to create a life of fulfillment based on how you spend your time and money

Your whole life can benefit from applying the principles of operating a successful, productive business. Your life has a beginning and end, just like a business. It goes through various stages as it matures, and you have 24 hours each day to manage and create the life you want. It would be to your benefit to change the way you look at all your relationships. An example is the way you view your employment relationship. Rather than thinking of yourself as being an employee, see yourself as a business person with the perception of, “I am selling my unique skills and talents to the company to fulfill the tasks and mission for which I was hired.” The benefit of this perception is that it will make you stronger. Thinking as a business person, you become more aware of continually improving your skills, talents and interest so that you are always marketable.

When the time comes for you to quit, get laid off or be ‘downsized,’ you then become an entrepreneur to create and build a mechanism to market you, your skills and talents to an employer or to create your own business. The same will hold true when the time comes for you to create a joyful fulfilling transition into semi- or full retirement.

Your whole life, as with a business, has similar categories and tasks, things to plan, create, manage and improve: Career/Business, Money Management, Health, Family, Social Relationships (personal friends/significant other and business associates), Personal and Professional Mastery, and Physical Environment (fun and recreation).

As a business, life and retirement coach, I assist you into breaking free of the barriers and transition into the results you desire. I will guide you in your journey by gaining clarity in your purpose, goals and vision, uncover and identify the obstacles and challenges. I provide processes that will enable you to move through them effectively so that you can create the business and life you desire with passion, prosperity, balance, and fulfillment.