This week we’re back to an “A vs B” blog, which I love because the format fits so nicely with my way of explaining things and the nature of a weekly blog, where I share quick insights into various aspects of family wealth transitions.
There’s also a cool back story to the genesis of this idea, and, to top it all off, it involves a couple of tools that we don’t use every day.
Let’s get into the way this came up for me first, and go from there.
Searching for a Family Champion
About six months ago, I was looking for someone who fit the bill of a “family champion”, as I was planning, along with colleague Joshua Nacht, to lead a breakout session at this summer’s Rendez Vous of the Purposeful Planning Institute.
I should probably direct you to a blog I wrote around that time on the subject of the Family Champion, which is a term that still is not as well known as it should be.
It was as a result of our search for someone to join us at the conference to better explain and demonstrate this concept and role that we came upon the perfect specimen.
Because people from business families typically prefer not to be written about in random blogs, I’m going to refer to the young woman we found (and co-opted) simply as “Terry” (not her real name).
Champions Are Motivated
It shouldn’t surprise anyone to learn that a family champion, like anyone who wears the title “champion”, not coincidentally, is typically a very motivated person.
When Joshua and I had our first Zoom call with Terry to start planning the details of our session, Terry impressed us both with her story about how she emerged and evolved into the champion role in her business family.
She shared some stories about how when she first began to ask questions of others in her family, and in the business, about how things were set up and how they were being run, she actually had a bit of a “sledgehammer” approach.
I love a great metaphor, so this one really resonated with me, and I made a note of it to make sure that she would mention it during the presentation. (I also made a note about it as a blog topic)
But the metaphor, as I would soon find out, was not yet complete.
Evolution to a Calmer Approach
As Terry continued to detail the progress she has made over the years at becoming a more effective family champion, she shared that she had to learn to soften her approach over time.
“Now, I find that the “chisel” can be much more effective than the “sledgehammer”” she said.
That combo metaphor just has to become a blog post, I thought.
Many Tools in Every Toolbox
My love of great metaphors is only enhanced when they also conjure up blog posts from the past, such as this one: The Tradesman and the Toolbox.
That blog was about how the person wielding the tool is usually a more important component in the success of the mission than the tools themselves. And this is also the case for Terry.
It wasn’t that the chisel she was now deploying was sharper, or better constructed, it was that her approach to the task had her evolve to a place where she now recognized that using a chisel was a more appropriate tool than the sledgehammer that she had chosen at the outset of her journey.
One Tool Is Rarely Sufficient
This also brings up the question about the sequence and selection of tools. Had Terry started out with just a chisel, we can be almost certain that she wouldn’t be where she is now, because at the beginning, the sledgehammer served its purpose.
Likewise, had she continued to swing the sledgehammer and never switched to a softer, more meticulous approach, I have no doubt that she would have run into different problems, and have only herself to blame.
Focus on the Process, Not the Content
She used different tools along the way, and will certainly need to deploy others going forward for optimal success.
Being proficient with the tools, and knowing when to use each, are more important than many realize.