Handing Down Your Family Business | Melbourne | Familosophy

Conflict in Family Business

Our approach to conflict in family businesses differs greatly from that of a typical workplace. Why? As family business owners, we wear several hats, and this can lead to conflicts of interest between family members, coworkers, and owners. Hierarchies in the workplace and in families can lead to... conflicts of interests because of this. And, in contrast to a typical workplace, quitting for a different job isn't as simple. It's a fact of life that families and their enterprises are intertwined.

The better we understand these fundamental distinctions, the more effectively we can manage those conflicts.

The concept of setting limits plays a big role in dispute resolution. This makes it easier to distinguish between our varied roles as coworkers and relatives by making it clear where each of us fits in. Of course, we aren't able to quickly change our identities. A few things can ease the burden: norms of conduct; sacred areas; formal meetings; and outside consultants.

The most difficult element is mastering the skills of debating and criticizing difficult topics. The message must be conveyed in a favorable manner with little spillover to other elements of the relationship, which necessitates thoughtful communication.

Think of it like this: What methods or policies does your family employ to keep things civil in the workplace? Is there a clear understanding of what they are? Approximately how many times a week do you defy your own set of rules?

Are you looking for advice on how to make your family business in Melbourne operate better? David Werdiger is the number one choice when it comes to Melbourne family owned business protocol help. Mr. Werdiger is helping hundreds of family owned businesses pass the torch using his famous Melbourne Familosophy techniques

His market is two-fold:

Scenario #1: The older generation wanting to work with the younger generation, bring them into the company, teach them how to run things, and then retire from the office, but not the income

Scenario #2: The younger generation wanting to jump into the family business, but to be able to contribute and be heard, and not having to “wait their turn” before they can begin to help run the business.

Looking for great advice for your family-owned and family-run business? Find out how David Werdiger’s Familosophy Newsletter can help answer your questions and guide you through turbulent times. To subscribe go to https://www.transitionbook.co/transition-membership-sign-in

Visit David’s Website at: https://davidwerdiger.com/ or his GMB site at:  https://goo.gl/maps/YiKUeBhXzapPAYyP6

SOURCE: https://davidwerdiger.com/2021/10/family-business-conflict/