When family businesses work well, magic happens. Family businesses that fulfill their potential are wonderful places to work. Compared to non-family companies, they tend to have more purpose and clarity. They experience healthy communication and growth. Their customer relationships are tighter. They often have higher profit margins, and they inspire their communities with pride and action.

Positive examples are everywhere, ranging from tiny local businesses to vast international conglomerates. Consider the progression from corner grocery store, to regional chain, then on to massive operations like Kroger and Walmart. How do they make it happen and still keep their families together?

Powerful founders create successful family businesses, but few sustain success across multiple generations. As the founders and their children grow older, the magic often disappears. Why is that?

As an HR professional, what can you do to help family businesses stay on track? How should we tackle the problems that arise as siblings and cousins begin to work in the family business?

How can we turn “Nepotism” into a happy word?

This workshop provides a brief history of family-member engagement. We will discuss advantages, challenges, and traps. Then we will examine specific techniques, tools, and templates that you can use to increase the likelihood of long-term success.

You will come away from this session equipped to guide family business owners as they identify, engage, train, and develop their leaders of the future – family members and non-family members alike.