5 Conflict Resolution Tips When Running a Family Business – The Parent’s Perspective (Part 1 of 2)
In the course of the transition of a business, owners and successor participate in a three-phase dance: Phase 1: Original owner leads and teaches the successor the steps. Phase 2: Owner and successor are leading at the same time – a bit awkward. Phase 3: Successor leads and the original owner follows. Even in the best of circumstances, owners and successors step on each other’s toes. And when the owner and successor are also parent and child, the dance can look like a bull blundering through the proverbial china shop. Littering the floor are hurt feelings and fractured relationships instead of shattered porcelain. The long history between parent and child provides a fertile breeding ground for miscommunication, mistaken assumptions and