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Shift Your Family Business                               Monthly Insights                                                  April 2017

Tip of the month:
 

People from different generations can have difficulty relating to each other at times, and we can all surely readily recall examples of this occurring.  I'm 52 now, and I can remember when that was an age that seemed so far off that it was actually unimaginable.  So I don't expect my teenage kids to be able to put themselves in my shoes very easily.
 
But I can try to put myself in their shoes, because I was once their age. Yes, the world has changed a lot since then, but at least I have the benefit of having lived through that stage of life.  I try to think back to what I was up to when I was their age, and you can do that too.
 
Please try to resist the temptation to "misremember" things, as if you were so much smarter and more sophisticated back then than they are now; it's actually more likely the reverse. You can even use this as a teaching moment and share how different things were, and how lucky they are that the world has been steadily advancing.
 


What's new:

 

Bowen Center Spring Conference 

I'm looking forward to attending my first spring conference put on by the Bowen Center for the Study of the Family on April 21-22 near Washington DC.
 
As I study and learn about Bowen Family Systems Theory, I can see and understand my family more clearly, I can relate better with all members of my family, and I can do a better job when working with other families. 
 
I hope to see you there, please say hello! 
 
Oh, and if you are a fan of Bowen, please let me know if you have found the shallow end, because I haven't; it's ALL the deep end, and I'm trying to keep my head above water.
 


Blog of the Month:

Is your Continuity Planning “PAL” in Danger?

This week’s call was about “planning fatigue” and dealt with ideas professional advisors could use to overcome situations in which client families don’t move forward on transition plans as expected, hoped, and required.  Read more >



Outside link of the month:
 

From the Harvard Business Review: HBR -
When You've Made Enough Money to Cause Family Tension

Imagine you — as an extraordinarily successful business founder — have just joined the exclusive ranks of the 200,000 people around the world with a net worth over $30 million.

Your laser-like focus on the business is about to give way to what we call a Second Act

Read more >

 
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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