- 1. You haven’t made a clear
succession plan for passing the company from one generation to the next.
2. You saddle the new generation with old debts and outdated ways of doing business.
3. You treat the arriving generation like an indentured slave rather than a welcome member of the team.
4. You treat them too well and give them a free pass on conforming to company standards (assuming you have them) and you let them slide on being accountable. It’s demoralizing to all the other staff whether they’re family members or not.
5. You have no real training other than what you think is training, which is criticizing them for whatever they say and do until they choose to wait and do nothing rather than risk your wrath.
- Note: If you want a copy of mine I use with
customers, please e-mail me at firstname.lastname@example.org and I’ll be
glad to send it along.
- Note: It doesn’t matter if there is no one at work
besides you. You must have all the boxes
filled out and your name in every box. This way as you grow and people (especially
family members) come on board, there is a clear place they’re at today and a
clear path on where they can go tomorrow.
These are just the basics, but they’ll go a long way to building a family business that’s worthy of your blood, sweat and tears.