Although it’s difficult to do, one of the best things a family-owned business can do for itself is to draw a solid line between family matters and business issues.
“Certainly we can have conflicts in our family that carry over to our business, but we can also have conflicts in our business that carry over to the family and can cause problems,” explains Carolyn Rodenberg, Alternatives to Conflict, in an interview with “Top Producer Podcast” host Pam Fretwell. “My goal is always to try to keep our business separated from our family so that we can keep the conflict under control.”
Rodenberg will be one of the expert speakers featured at the 2016 Farm Journal Legacy Project Conference happening Dec. 8-9 in Kansas City. Early Bird pricing of $209 per ticket—a $100 savings—is available until Nov. 11.
To help safeguard their future, members of a family business should determine whether conflict exists inside the organization. “You have to do an assessment,” Rodenberg advises. From there, the business can clarify roles and responsibilities and verify team members are expressing their expectations and promises rather than making unfounded assumptions.
Learn more from Rodenberg in the "Top Producer Podcast" episode below, then register to attend the 2016 Farm Journal Legacy Project Conference in Kansas City.