The Seventh Commandment Of Family Business Succession: Don't Create Competition

: Many family businesses create internal competition for the top job, the idea being that it’s survival of the fittest. However, this only creates friction between the contenders. While in other companies, those who don’t get the top job will leave, in a family business, if they leave, it creates resentment and acrimonious relationships. Even if they do decide to stay, it creates tension and disharmony. A company I was working with had two candidates it was promoting for the top job. The problem was that they didn’t get along with each other.

Prosperous Leaders = Prosperous Business

Prosperous Leaders = Prosperous Business Have you ever thought about what makes a business prosperous? Why are there companies in the same space, same market, same geography that are on the top of their game and why are there those that are failures? Why are some employers, the place to work and why are some employees the people to hire and why are others a dysfunctional work environment and some employees toxic ? Then again, some may have read business books or may even have gotten an MBA or went through the school of hard knocks, yet they fail? In my book The Prosperous Leader I share something profound I learned from my mentor Roy Cammarano and it’s the 6 C’s of Communications- When a com

The Myth of Self Control

As the Bible tells it, the first crime committed was a lapse of self-control. Eve was forbidden from tasting the fruit on the tree of knowledge. But the temptation was too much. The fruit was just so “pleasing to the eye, and also desirable for gaining wisdom,” Genesis reads. Who wouldn’t want that? Humanity was just days old, but already we were succumbing to a vice. The takeaway from this story was clear: when temptation overcomes willpower, it’s a moral failing, worthy of punishment. Modern-day psychologists might not blame Eve for her errant ways at all. Because what’s true today was also true at the beginning of time (regardless of what story you believe in): Human beings are horrible a

6 Time Management Activities To Do With Your Team

Personality At Work In an ideal world, every employee would finish every item on his to-do list without any problems or stress. Back in the real world, the sheer number of things to do is dizzying and there’s only a finite amount of time to get them done. This means that time management—the art of using your time productively, based on the day’s priorities—is one of the most important skills your employees can have. Now, there are so many time-management tips online that you could send your people away with some links and instructions to figure out time-management techniques for themselves. But if you bring everyone together to learn these skills, you have a much greater chance of embedding

5 Exercises That Train Your Brain for Happiness and Success

You have an estimated 70,000 thoughts per day. That's 70,000 chances to build yourself up or tear yourself down. If you call yourself names, doubt your abilities, or second-guess your decisions, you'll harm your performance (and most likely put your physical and psychological health at risk). But the good news is that you can change the way you think. Here are five exercises to train your brain for happiness and success: 1. Differentiate between ruminating and problem-solving. Thinking about strategies that would help you overcome an obstacle is helpful, but imagining yourself unable to tolerate pain isn't productive. Whenever you find yourself thinking about something for an extended time,

The Sixth Commandment Of Family Business Succession: Evaluate A Successor

Jacob M Engel, Prosperous Leaders = Prosperous Business.CEO Coach | Consultant | You too can achieve success Evaluating a successor is one of the most (if not the most) difficult challenges of any CEO, especially in a family-owned business. In fact, it's been said that the test of a successful CEO is how well he or she brings on a successor. The challenges can be quite a few; I will enumerate some of the more common ones. 1. The current CEO has not decided to move up or on. This means they are still undecided on if and when to make a move, usually up as chairman or out. Successor CEOs, especially talented ones, do not want to wait in the wings for indefinite amounts of time. Often times in

A faint but discernible dividing line separates achievers from dreamers.

What makes the difference? Attitude. Achievers have a can-do attitude that sets them apart from mere dreamers. Achievers are sold out to success—no matter the obstacles—and they are willing to put forth the effort and pay the price of success. Here are 10 tips to reveal your own can-do attitude: 1. Disown your helplessness. Can-do people aggressively pursue solutions, and, in the process, uncover creative solutions others never even try to find. Rather than wallowing in helplessness, can-do leaders search diligently to overcome the obstacles in front of them. 2. Take the bull by the horns. Can-do people are fearless. They go straight to the source of their solution. Their very effort command

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