Learning to communicate effectively is an important aspect of the Family Transition. Too many successions fail because families can't make important decisions. Effective communication doesn't happen by accident. Take the time to learn and practice good communication skills. Other important skills are problem solving and conflict resolution.
Conflict is a fact of life in all family businesses.
Developing ways to solve problems and resolve conflicts is vital for a healthy Family Transition. Because the business provides the economic fuel that keeps your family's financial fires burning, you must fan the flames. You should be optimizing the business' operating effectiveness. Most family businesses employ outdated systems and procedures that may be hurting the bottom line. If you have not conducted an objective, independent operations assessment within the past three years, now is the right time.