The Family Business Difference
Family + Businesses = more complexity than “ordinary” business + more challenges than “ordinary” family!
Family Business combines 2 fundamentally incompatible systems: Family and Business. Inject a 3rd (potentially explosive) element into the mix: Individuals, and you generate the likelihood of real complexity.
The contradictory mix of rational commerciality and ego/relationship-based emotion often leads to poor communications, family and workplace cliques and conflicted decision making processes that confuse and confound both the family and the business.
In recent years we’ve seen increasing numbers of (formerly) successful businesses that have outgrown the business systems that worked well for them when they were smaller … many with founders / leaders whose best days are behind them, and who are as yet unable, unwilling, or unready to pass the baton.