5 Reasons to hire a family business coach right now
The world of multigenerational family-owned businesses is grueling, dynamic, and for many, deeply rewarding. It’s a challenge that requires a balancing act between family relationships at home, family relationships at work, and the space between.
While many family-business owners excel in one area– family or firm– the ability to set clear boundaries while integrating home and work life is what sets longterm family-ownership apart from the flash-in-the-pan short-timers.
Whether you’re a fourth generation family owner struggling to stay afloat, or a budding entrepreneur with a vision for a generational legacy, a skilled family business coach is the linchpin of your business’s growth. A family business coach will tighten your game, transforming you into a titan of industry.
Here are five compelling reasons to hire a family business coach right now.
Protect your legacy: Holding onto a reputation for reliability, service, and an industry excellence that spans generations is invaluable and is one of the reasons many family-owned businesses outperform other companies. Creating a name, or legacy, synonymous with quality and trust equates to higher returns. A family business coach can help your family enterprise realign its focus and vision to the same shared goal.
Leverage the power of additional learning: You don’t know what you don’t know. And frankly, there’s a lot to know in running a family business. If you’re feeling lost in the woods, a family business coach can take his or her years of experience coupled with extensive certifications and education and adapt a coaching model to fit your unique needs. You no longer need to be the expert. You simply have to hire one.
Cultivate lifelong relationships: A family business coach can offer an unbiased third-party perspective to conflict resolution, ownership alignment, and governance. Having a set of “fresh” eyes on the challenges that have beset your empire can help your business avoid blind spots. Hiring a coach will strengthen your family bonds at the office and at home. Family is your most precious asset. Can you afford to go without a coach?
Reignite your purpose: Don’t get lost in the unstructured pursuit of passion. While passion can light a fire, it often can’t sustain the blaze. Purpose, on the other hand, can be ingrained in your bones. A family business coach can help you rediscover your purpose for forging your legacy in the first place. When you understand your purpose, set systems in place for achieving it, and align your team’s vision, passion for the work will follow.
Rely on a trusted advisor with integrity: Investment carries with it an inherent risk. Which is why when you invest in a family business coach you want to feel confident in your coach’s loyalty, reliability, and integrity. Choosing a family business coach over a coach who excels in corporate coaching is a sound decision. A family business coach is equipped to address the challenges unique to the family business and can customize large-scale training to the individuals in your enterprise for a more personal, applicable coaching program.
If you’re ready to take your empire and multigenerational legacy to the next level, it’s time to bring in a family business coach. Honor your shared past and build the future. Schedule your consultation today with David Krull, The Family Business Coach.
