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226 The Work of One Preparing for Conversations & Choices in Your Family Business

Live and Lead for Impact with Kirsten E. Ross

Release Date: 11/08/2021

279 Becca Ribbing - Circle of Uncertainty show art 279 Becca Ribbing - Circle of Uncertainty

Live and Lead for Impact with Kirsten E. Ross

279 Becca Ribbing Facebook: https://www.facebook.com/beccajoyribbing Instagram: https://www.instagram.com/beccaribbing/ Linkedin: https://www.linkedin.com/in/beccaribbing/ Twitter:   Becca Ribbing is the author of The Clarity Journal and has been a coach for over a decade. She's on a mission to help people break out of the cycles of uncertainty and struggle that hold them back. She helps women going back and forth with the big, seemingly endless question of what to do next—so they can stop going around in circles and finally figure out what they truly want and create the clarity and...

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271 Melissa Keenan Melisa Keenan helps high powered female CEOs use their feminine energy as a 10X growth strategy. Her clients produce more while doing less by mastering their 'Feminine CEO.' She is a keynote speaker, USA Today Bestselling & International Bestselling Author, and the go-to intimacy expert for business women. Facebook Group:   MYImpactAcademy.com/Join

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269 Kimberly Gerber - Excelerate As the Founder and CEO of Excelerate, Kimberly Gerber has developed a transformational coaching process that combines high-touch experiences with cutting-edge science and technology to deliver programs that accelerate the thinking, behavior and results of her clients and the companies they lead. Prior to founding Excelerate in 2002, Kimberly was a Fortune 100 executive herself. She understands the unique responsibilities that come at the executive level and has created leadership programs to help executives think strategically, elevate their presence, finesse...

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267 Kison Patel: Mindful Planning and Visibility  https://www.linkedin.com/in/kisonpatel/ https://www.facebook.com/kisonpatel https://www.instagram.com/kison_patel/ https://twitter.com/DealRoomInc Kison Patel is the Founder and CEO of M&A Science, with a passion to drive the M&A industry forward. He was an M&A advisor for ten years in which he sold larger companies such as commercial banks and hotel chains. In 2012, he noticed teams lacked efficient technology to manage deals and created DealRoom, an M&A lifecycle management platform. In 2016, he started the M&A...

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265 Tom Finn: Deploy Support Anywhere Tom Finn is the co-founder and CEO of LeggUP®, the first company to insure employee retention for their clients. Spending his entire career in the insurance industry, Tom possesses a wealth of experience in employee benefits, InsurTech, business development, and revenue strategies— all central to the company’s unique offering, Talent Insurance™. Talent Insurance provides a single platform for personalized professional development and mental health support for a fraction of the cost to small and medium-sized businesses. ...

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Instagram:https://www.instagram.com/cplleadership/ Facebook: https://www.facebook.com/centerforparentalleaveleadership Twitter: https://twitter.com/cplleadership LinkedIn: Center for Parental Leave Leadership Dr. Amy Beacom is the founder and CEO of the Center for Parental Leave Leadership, the first full service consultancy in the US to focus exclusively on parental leave. She conceived of and began developing the field of parental leave coaching and consulting in 2006. Drawing on over 25 years in executive leadership development and coaching, Amy consults with Fortune 100 companies,...

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226 The Work of One Preparing for Conversations & Choices in Your Family Business

I Help Build Your High Performing Team and Make Your Bigger Bolder Impact

Get What You Need from Your Team – Even if they’re family

Important first step – family businesses can struggle with feelings of obligation or entitlement between the Now Gen and Next Gen

Often assumptions are what drive the path of the Next Gen into the business.

I’ve seen it so many times.  A Next Gen feeling the weight of responsibility to run the business, generate profits that will support the employees, family members and Now Gen through retirement.

Often, underneath is a lack of confidence and an uncertainty about desire.

Most often family members fear and worry about what might be a difficult conversation. They have assumptions about how the conversation will go and the reactions of close family members.  

It is especially difficult to have the tenacity required to initiate what might be a tough conversation if we aren’t clear about what we’re asking for.

When I begin working with a client who has not engaged in self-discovery there is usually knowledge about what they don’t want  - Often – I don’t want what is – but no clear idea about what they do want.

And….they usually have not identified the key reasons WHY they don’t want the current circumstance.

Is it fear, lack of confidence, staying silent rather than speaking up, how they are being treated currently……

The list goes on.

Ideally, each family member will take time to clarify what he or she desires from the business.  If they current circumstance is not what is desired learn why – all of this will help drive the conversation and path.

EXAMPLE – 2nd Gen – 30’s – Lacked Confidence – felt she didn’t want to be a leader or couldn’t be good at it.

Not interested in running the family business

No Creative Exploration – She saw only 2 paths – run the business – exit the business

Self Exploration =Loved CFO work.  Did not want to run the business – Was a good leader – just needed to build her skills – 

End result – CFO – hire a President – Build Leadership Skills

 

The Take Away Lessons from this example:

 

First Explore Why You don’t Want to go Down the Current Path

 

  • Lack confidence
  • Lack knowledge or experience
  • Feel unheard
  • Feel powerless
  • Feel lack of life balance
  • Building resentments
  • Things feel unfair
  • Unrealistic Expectations – you or others.

 

Create a Clear Path – to a new possibility – Identify in Detail

  • Future Desires
  • Strengths
  • Passions
  • How Do You Want to Spend Your Time?
  • Where Do You Want to Live?
  • What Do You Want?
  • What Do You Need?

Get Creative

  • Now that You’re Clear About What You Want – How Can You Get There
  • Time to Get Creative

Creative Exploration

  • Explore New Paths 
  • Consider Alternate Options
  • Identify New Possibilities
  • What If……….
  • Could it Be…………