Prevent Nightmare House of Horrors: Family Business Quarrel, Part 2
To prevent a Family Business Quarrel
1. Create a culture emphasizing that family members are part of something bigger than themselves.
Being too self-centered is a danger in a family business. Frank Perdue always emphasized to his family they are part of something bigger than themselves. Although some people may be born unselfish, for most of us, it has to be taught. Words help, but examples are better.
2. Design an open and inclusive family decision-making process.
Developing this can mean a lot of give and take. For instance, does this include blood relatives only? Spouses? Stockholders? For a head start in designing a decision-making process, read PREPARING HEIRS by Williams and Priesser.
3. Have an Education Committee that works to instill the family culture.
As chair of my family’s Education Committee, I combed the Internet to see what other family education committees are interested in. Governance (decision-making) is a top goal for many business families. To carry out this educational goal, we have an everyone-read-the-same-book program, an outside lecturer, and a webinar each year. The value of this is increased knowledge with a tremendous side-benefit; we’re all focused on the same goal and it strengthens the family culture, the one we’re thinking of something larger than ourselves, namely, the family.
Search Articles
Latest Articles
A Mother’s Agony: Olha’s Story of Loss and Resilience After the Chernihiv Rocket Attack
https://townhall.com/columnists/mitzi-perdue/2024/06/13/a-mothers-agony-olhas-story-of-loss-and-resilience-after-the-chernihiv-rocket-attack-n2640390 Publication –townhall.com
Ukraine War Survivors Have Long Road to Healing
https://www.newsmax.com/mitziperdue/detention-zaporizhia-oblast/2024/06/12/id/1168465 Publication –newsmax.com
Living and Dying Under Russian Rule
https://townhall.com/columnists/mitzi-perdue/2024/06/08/living-and-dying-under-russian-rule-n2640106 Publication –townhall.com
Billionaire Fireside Chat with Mitzi Perdue, Founder of CERES Farms and Richard C. Wilson
Billionaire Fireside Chat with Mitzi Perdue, Founder of CERES Farms and Richard C. WilsonWatch The Episode About The Episode Mitzi Perdue discusses the strategies and practices needed to sustain a family business through generations, highlighting the importance of...
Subscribe to Updates
About Author
Mitzi Perdue is the widow of the poultry magnate, Frank Perdue. She’s the author of How To Make Your Family Business Last and 52 Tips to Combat Human Trafficking. Contact her at www.MitziPerdue.com
All Articles
Habitat For Humanity: Placing People in Safer Homes
Habitat For Humanity: Placing People in Safer Homes Denise’s Story Denise Copeland woke up one night with a really unpleasant sensation. She thought she heard something suspicious, but couldn’t be sure. She tried telling herself that it was nothing. Then her two...
Diakonia
Diakonia Diakonia is an emergency homeless shelter serving people in Worcester County. However, it’s far more than just a place to eat and sleep. The word, “Diakonia” is a New Testament Greek word meaning “compassionate love towards the needy.” If you were to visit...
A Wonderful Present: Better Health.
A Wonderful Present: Better Health.Amy Hansen’s Best Holiday Gift Amy Hansen gave herself just about the best holiday gift possible. Once you know about it, you may want the same thing for yourself. Actually, it’s not strictly accurate to have it appear that it was...
Review of The Way To Eat
Review of The Way To Eat Have you seen any of the Public Service Announcements encouraging people to join Healthy U’s “Let’s all read the same book” program? The book they’re talking about is The Way to Eat by David Katz. Before we get into any comments about the...
Healing and Mental Attitude
Healing and Mental Attitude What could beat the excitement, drama, and fulfillment of being a nurse working in critical care? For Dr. Cynthia Howard, who had years of experience as a critical care nurse before becoming a psychologist practicing here in Salisbury,...
The Company That Banned Birthday Cakes
The Company That Banned Birthday CakesWant to hear something shocking? Barnone, the call center located in Winterplace Park has just banned birthday cakes. Are they hard-hearted Scrooge-type people who just don’t want anyone to have any fun? Actually, the answer is...