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Shift Your Family Business                                  Monthly Insights                                                        June 2016

Tip of the month:

 
The conversations you have with your family ARE very much your relationship with them.  Whether in person, by phone, Skype, FaceTime, or even just texting, it is really difficult to have any kind of a relationship without any conversations.  People often lament that talking about important stuff is hard, because they don't know how to start those important conversations.  
 
So here are a couple of ideas:
 
1) Just start. Yes, you read that right. Example, "I think it is important for us to start to talk about how we are going to transition our business to the next generation." Then remain quiet and wait to hear what comes back.
 
                                                     OR
 
2) Don't start a specific conversation, but segue into it from another discussion. Example, "Yeah, good point. Oh, that reminds me, one of these days we are going to have to start to talk about updating our wills and sharing the important stuff with the kids." Again, stop, stay quiet, and wait to hear what comes back.
 
 


What's new:

Last month I attended my third straight CAFE Symposium, and next month I will be at my third straight Purposeful Planning Institute annual Rendez-Vous.  The biggest thing on the calendar for me this June is the return of my teenage kids for the summer.

They will be completing their first year away at boarding school, and while my wife and I have truly enjoyed the benefits of the newly empty nest, we really miss having them around.  I am sure that the thrill will wear off quickly and we will be looking forward to September before long.
 
 


Blog of the Month:

When life hands your kids lemons...

Teach your Kids to Make Lemonade




Outside link of the month:

From the Harvard Business Review:

Why the 21st Century Will Belong to Family Businesses

 

Until next month's newsletter. I hope you enjoy my weekly blogs in between.



Steve Legler
MBA, CFA, FEA
Family Business Advisor
450-923-9393
http://shiftyourfamilybusiness.com/
 
 
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Steve Legler · 495 Viger Ouest · Suite 2707 · Montreal, QC H2Z 0B1 · Canada

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