
Learn to start and grow a family business by separating personal and business life, defining roles, and establishing governance and ownership structures; gain practical tips on communication and conflict management.
Create an organizational chart to define roles and responsibilities across sales, marketing, finance, and operations, separating business from family life and ensuring consistent teamwork and clear final decision authority.
Separate business from family life by establishing open communication, clear roles, and a strengths based team, while empowering non-family staff and planning time for personal well-being.
Explore family business ownership models, governance, and shareholder arrangements, comparing single owners, married couples, and multiple family owners, with implications for roles, vision, salary, and decision making.
Align the right people for crucial roles to maintain family business control, including a financial controller, a visionary, and an implementer, and ensure spending limits and timely status reports.
Establish clear shareholder communication and regular updates, schedule timely meetings, and involve shareholders in setting agendas, recognizing their expertise to enhance decision making and align motivations with business growth.
Develop effective communication strategies for family business by balancing informal and business settings and managing feedback. Avoid assumptions and information gaps to prevent misunderstandings and build consistency.
Identify sources of conflict in the family business, address differences in ideas, present facts neutrally, manage emotions, seek consensus, avoid blame, and learn from each incident to improve future resolutions.
Celebrate success in a family business to boost morale, energy, and teamwork by recognizing small wins, milestones, and personal or professional achievements together.
Foster long-term development by meaningfully involving kids in the family business, setting clear expectations, providing feedback and equal treatment, and balancing development tasks with fair praise and performance expectations.
Plan ahead to handle family crises in a family business with insurance, backup rotation, and managing death, divorce, or health issues while maintaining performance within legal obligations.
Learn to start and grow a family business by setting clear expectations, defining roles, separating business and family life, applying effective communication to manage conflicts and celebrate successes.
Welcome to our course on How to Start and Grow a Family Business.
This course is designed for new or existing entrepreneurs looking to start a new family business or are currently involved in a family business.
By the end of the course, you will:
- learn how to organize better a family business,
- grasp the issues involved with Governance and Ownership of a Family Business,
- get practical advice on how to manage shareholder arrangements,
- learn practical tips to improve communication in a family business,
- get advise on how to manage conflicts,
- receive suggestions on how to celebrate success,
- understand the importance of managing kids effectively in a family business,
- learn how to handle a family crisis.
Course starts by providing an overview on how to organize a family business by setting expectations and defining roles as well as differentiating between business and family life. Then, we walk through the Governance and Ownership issues including how to set business controls and how to manage shareholder arrangements. Course continues by providing practical tips for success in a family business including effective communications, managing conflicts and celebration of success. Course is completed by providing suggestions on overcoming challenges including managing kids and handling family crisis.
The ideal student for this course is a new or existing entrepreneur looking to start or grow a family business. Also, this course is great for others who are currently involved in a family business or looking to setup a family business.
There are no technical requirements necessary to enroll. We only ask that you come open minded and ready to learn and ready to take some risks.
In order to attend this course, you need to follow the course videos, access additional websites provided in the course, utilize the templates and checklists provided and engage with the course participants and instructor.
If you need personal support, I am here to help!
The instructor for this course is AJ who brings a wealthy business and educational background including 20 years of business experience having founded and developed multiple companies. He has worked in family businesses of various kinds and has coached many others. Also, AJ has an educational background teaching Entrepreneurship courses to University students