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Shift Your Family Business                               Monthly Insights                                                  January 2017

Tip of the month:

 

Family Communication: Look for Progress, not Perfection

Whether our offspring are kids, teens, or adults, when we want to share information and get their input on important matters, it is so much easier to do so in small bites.

It is better to talk with family members regularly, about all sorts of subjects from the mundane to the important.  Too many families avoid discussing sensitive subjects like money and then when they finally realize that they can't avoid it anymore, they imagine one big revelatory meeting where they share all the important information, after which they will finally be able to heave a huge sigh of relief.

Slow progress, digestible details, time to let it sink in, time for questions and answers; these are the ways to take your time and go in the right direction.  That "perfect" scenario you are hoping for is just not likely going to play out the way you hope it will.  Share information slowly and often, in age-appropriate ways, and you will see how much easier things will go.

 


What's new:

On January 26, 2017, I will be in NYC, participating in the inaugural Institute for Family Governance Conference.

I am looking forward to seeing a few folks I already know in this field, and meeting many more.

Click here:   Institute for Family Governance Annual Conference 2017 

 


Blog of the Month:

Click here:  The KEY Question for 2017



 


Outside link of the month:
 

From EY:     Embracing Conflict

Click here:  Can Embracing Conflict Spur Positive Change?



 

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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