As a father, one of my biggest hopes is to leave behind something truly valuable for my children, something that will help them in their personal and professional lives. That's why I'm passionate about discussing family-owned businesses on this podcast. I believe that they're the backbone of our economy and that they have the potential to bring families together. However, as someone who has worked with many family-owned businesses over the years, I've also seen the potential pitfalls. Too often, the family dynamics can create tension and resentment, especially when it comes time to pass the business on to the next generation.
I've spoken with many second and third-generation family members who feel trapped and voiceless, like they're just another "hired hand" in the family business. They struggle with feelings of inadequacy and self-doubt, and they don't feel confident in their ability to lead. It's a tough spot to be in, especially when the pressure is on to take over the business.
But here's the thing: if we want our family-owned businesses to thrive and succeed for generations to come, we need to focus on the relationships between the generations. We need to foster connection and communication, to create an environment where everyone feels heard and valued. This isn't just about the business, it's about the family.
I grew up in a household where my parents valued family connections and communication. They taught us family values and always encouraged us to speak up and share our thoughts and feelings. As a result, I have a strong relationship with my parents that extends beyond just parent-child, but as close friends. I believe that this is the kind of legacy that we should strive for in our family-owned businesses - one where communication is a priority, and every family member feels like they have a voice.
So, if you find yourself in a family-owned business where you don't feel like you have a voice, know that you're not alone. But also know that it's time to start taking action to change that. It's time to start unpacking the things that are holding you back and finding your confidence and voice as a leader. Because your life is happening right now, and it's up to you to make the most of it.
I'm excited to dive into this topic further in future episodes, but for now, let's start by focusing on building stronger family connections within our family-owned businesses.
""If you want to bring happiness to the whole world, go home and love your family." -Mother Teresa
Blessings on your path,
Rev. Benjamin Norman
Want more training and deep dive on building a connected family and relationship? Check us at www.scendancy.com as well as our membership app https://scendancy.passion.io
