Mastering family dynamics: Hold them accountable for results
Human dynamics in business are challenging at the best of times. When your business involves family, a spouse, significant other or a friend, the stakes are even higher. By Carl Bates Picture this scenario. A father hands over his business to his son and then retires. Then the son discovers that his father has been continuously overriding his instructions to his team behind his back. Or, the married couple who start a business together and years later, as they approach divorce proceedings, their entire business faces collapse over their battle for control. Does this sound familiar? Have you seen this before? Human dynamics in business is challenging at the best of times. When your business involves family, a spouse, significant other or a friend, the stakes are even higher. In my book, The Laws of Extreme Business Success, I approach this challenging aspect of business through the Law of Family and Whanau. In New Zealand, my home country, whanau (pronounced farn-oh) refers not o...