In this podcast, Mason talks about how to split up without falling apart or turning everything into one big bureaucracy.
At some point, you can't bring everything to the meeting table. Your family will be dealing with multiple businesses, households, and events. Walking the tightrope between becoming disconnected and getting overwhelmed is almost impossible.
For family boards, there are some rule-of-thumb that work really well to find out whether you need to split off, and how much to do so. If you can stay focused on your top-line objectives, you won't get overwhelmed by minutia. At the same time, when you do decide to create a new committee, move into a new home, or start a new business, you can't cut people out of the loop.
FOLLOW Family Prosperity Partners everywhere:
Facebook:
Business Page: https://www.facebook.com/Familyprosperity
Public Group for Families: https://www.facebook.com/groups/familybizgroup
Private Group for Clients: https://www.facebook.com/groups/familyprosperity
LinkedIn:
https://www.linkedin.com/company/19139744
Subscribe to the Podcast:
Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0
Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg
RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
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In this podcast, Mason talks about how to split up without falling apart or turning everything into one big bureaucracy.
At some point, you can't bring everything to the meeting table. Your family will be dealing with multiple businesses, households, and events. Walking the tightrope between becoming disconnected and getting overwhelmed is almost impossible.
For family boards, there are some rule-of-thumb that work really well to find out whether you need to split off, and how much to do so. If you can stay focused on your top-line objectives, you won't get overwhelmed by minutia. At the same time, when you do decide to create a new committee, move into a new home, or start a new business, you can't cut people out of the loop.
FOLLOW Family Prosperity Partners everywhere:
Facebook:
Business Page: https://www.facebook.com/Familyprosperity
Public Group for Families: https://www.facebook.com/groups/familybizgroup
Private Group for Clients: https://www.facebook.com/groups/familyprosperity
LinkedIn:
https://www.linkedin.com/company/19139744
Subscribe to the Podcast:
Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0
Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg
RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
In this podcast, Mason goes over a story from his Dad's career as a corporate fixer-upper.
This particular plant was one of the most difficult cases his company had ever encountered. Things got so bad that a plant manager committed suicide due to the pressure of failure, and his supervisor walked off the job out of guilt.
At first, a highly skilled officer was brought in out of California, but he didn't have the qualities it takes to turn around a problem plant: commitment and respect for execution.
A new leader had to be found, and in this case, he was found from within the plant. He was committed, knew the process, and had the potential to grow.
By developing his knowledge, giving him the authority and responsibility he needed, and by allowing him to grow, this plant achieved what turned out to be an almost impossible task.
Lessons from this story apply directly to Family Business. You can learn how to make leaders that will allow you to step back confidently and grow your family and business.
FOLLOW Family Prosperity Partners everywhere:
Facebook:
Business Page: https://www.facebook.com/Familyprosperity
Public Group for Families: https://www.facebook.com/groups/familybizgroup
Private Group for Clients: https://www.facebook.com/groups/familyprosperity
LinkedIn:
https://www.linkedin.com/company/19139744
Subscribe to the Podcast:
Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0
Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg
RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
Family Prosperity Podcast
In this podcast, Mason talks about how to split up without falling apart or turning everything into one big bureaucracy.
At some point, you can't bring everything to the meeting table. Your family will be dealing with multiple businesses, households, and events. Walking the tightrope between becoming disconnected and getting overwhelmed is almost impossible.
For family boards, there are some rule-of-thumb that work really well to find out whether you need to split off, and how much to do so. If you can stay focused on your top-line objectives, you won't get overwhelmed by minutia. At the same time, when you do decide to create a new committee, move into a new home, or start a new business, you can't cut people out of the loop.
FOLLOW Family Prosperity Partners everywhere:
Facebook:
Business Page: https://www.facebook.com/Familyprosperity
Public Group for Families: https://www.facebook.com/groups/familybizgroup
Private Group for Clients: https://www.facebook.com/groups/familyprosperity
LinkedIn:
https://www.linkedin.com/company/19139744
Subscribe to the Podcast:
Google Podcasts: https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL2ZhbWlseXByb3NwZXJpdHlwb2RjYXN0
Spotify: https://open.spotify.com/show/0XKuUhHRdhPWHeLZwxhzVa?si=jli-ywiuQP-nVt4pT_nhHg
RSS Feed: http://feeds.feedburner.com/FamilyProsperityPodcast
