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  • How to Survive Summer in Your Home Office How to Survive Summer in Your Home Office

    How to Survive Summer in Your Home Office

How to Survive Summer in Your Home Office

When I began my consulting practice, a major reason for choosing to work from home was being able to spend more time with my son who was 11 at the time.  Then the school year ended and summer started.  That experience is the source for this week’s Lesson Found.

Anticipating that summer, I thought my son would entertain himself while I worked.   This “logical thought” was quickly challenged by reality the first week of summer vacation.  (more…)

  • Is the investment of time sinking your decision making? Is the investment of time sinking your decision making?

    Is the investment of time sinking your decision making?

Is the investment of time sinking your decision making?

My 20-year old son, Jeremy, and I often discuss various business-related topics.  Recently that topic was the “sunk cost fallacy”* which I explained is the mistake of using money and time already sunk into a project as the deciding factor to continue the project.  A junior studying computer science, Jeremy immediately compared this to “coding” (aka writing computer code).  This relationship between sunk costs and coding is this week’s Lesson Found. (more…)

  • Addressing Sibling Conflict in the Business Addressing Sibling Conflict in the Business

    Addressing Sibling Conflict in the Business

Addressing Sibling Conflict in the Business

My mother and I recently traveled to visit my sister and her family.  Except for the occasional meal out, we stayed in the house, simply being together as family.  And we had a wonderful time! On the trip home, I considered the contrast and how stereotypical sibling conflicts burden some family businesses.  The source of and ways to mitigate these conflicts are this week’s Lesson Found. (more…)

  • A founder’s legacy of integrity for his daughter & their business A founder’s legacy of integrity for his daughter & their business

    A founder’s legacy of integrity for his daughter & their business

A founder’s legacy of integrity for his daughter & their business

This week’s Lesson Found comes from a friend, Debby Abel, who recently wrote a beautiful essay on her family’s business and the legacy of integrity her parents gave her. (more…)

  • Aligning Succession Plans with Business Plans Aligning Succession Plans with Business Plans

    Aligning Succession Plans with Business Plans

Aligning Succession Plans with Business Plans

A participant at a recent family business workshop was surprised when I said business planning should be part of the succession planning process. This founder’s business had a succession plan but lacked a coordinated plan looking at the future of their business. This founder’s surprise is a Lesson Found for all family businesses. (more…)