Santa Playing with the ipad

Christmas Resolutions for a Family Business

Christmas Resolutions for a Family Business

I hope everyone reading this has a great Christmas, or whichever other holiday they celebrate at this time of year.

I also hope nobody thinks that I actually wrote this on Christmas Day.

I’m a creature of habit and pride myself on being consistent, and my blogs have been going out to subscribers on Mondays for years now, and I’m not changing that just because it’s Christmas.

Recently I started writing them a week ahead of time to take the pressure off my website/social media team.

And if you’re wondering if there’ll be another blog in your inbox on New Year’s Day, stop wondering, because that’s a Monday too.

Timing Is Everything

Because I knew that this would be arriving in people’s inboxes on Christmas, and realized that many people wouldn’t be reading it until later, the “Resolutions” part that’s normally associated with New Year’s feels less clunky.

And it should help me make my point. So what is that point? Glad you asked.

During a recent exchange with a potential client, a lightbulb went on in my head as I realized they had some possible similarities with one of my current client families.

And in fact, I know of a few other families who could benefit from the kind of work I’m doing with them.


Rising Generation Group

The family client in question is one where I work with only the third generation sibling group. I’ve met with the parents only once, and this is an engagement that began almost two years ago.

The parents of the four Millennials from that family decided to hire a coach to work with their children, and that is what I’ve been doing with them, almost exclusively without their parents’ involvement.

I admit that this is a bit of a “non-standard” type of engagement, because most parents would not think of doing this in such a “hands off” fashion, but they put their trust in me to work with their offspring and haven’t looked back.

The other family I mentioned, the potential client, is one where the third generation family members are a larger group, and it includes four groups of cousins. But I’m going to suggest they try something similar.


Budget for Development

So the holiday tie-in I’ve contrived is that giving a generational group of people the gift of hiring them a coach to work with them could be a great Christmas gift.

But the gift can be even better if it is combined with a resolution (New Year’s tie-in!) to essentially stay out of trying to direct what the group works on with the coach.

If you are hiring someone to tell your kids what to think and do because they aren’t listening to you, save your money and time and forget it.

If you want to establish a budget for their development, especially to work on things together, that’s a pretty cool angle to take.


A Leap of Faith with the Right Attitude

My client family kind of took a leap of faith with me, but it was combined with the right attitude of trusting their kids enough to let them figure things out with me together.

My premise with them has always been that parents who have built up a business or great wealth all have the same fear:

that after they‘re gone, the kids will fight over things

and the wealth will destroy the family.

Having me as an independent, unrelated outsider to work with them has been a great exercise in teamwork for them, as I am essentially mostly a guide and mentor, as they do the real work of planning activities for the extended family group.


Early Stages

The early stage work we’ve been doing is also paving the way to the future important discussions that they will soon be having with their parents, once their parents recognize that they are ready.

After they’ve gotten to know each other better, and have learned how to work together as a team, those future “tougher” steps will be soooo much easier for everyone.


Xmas gift, NY resolution…

If you’re a family with the worry I noted above, why not resolve to look into this idea in 2018? I’ll gladly share some of the secrets of what I’ve been doing and see if it could work for you too.