Family Businesses Don’t Have To Be Difficult

Family Business Consulting, Advisory & Therapy

Tackling the Challenges of Family Business

Does running a family business feel like navigating a minefield of personal tensions and professional challenges? You’re not alone! Dr. Ronit Lami a family business psychologist, experienced it first-hand growing up with her family’s business. More so, her professional training equips her with specialist skills, sensitivity and an understanding of family system dynamics. This gives her both a personal and professional understanding of the challenges faced by families in business together.

Success

Consulting Services: Your Blueprint for Success

Imagine having a blueprint that not only targets growth but also harmonizes your family dynamics. Dr. Lami offers expert consulting designed to optimize your business operations and enhance family cohesion:

  • Strategic Business Reviews: Dive deep with Dr. Lami as she evaluates your business strategies, aligning your commercial goals with your family’s values to drive sustainable success.
  • Conflict Resolution: Stuck in a family feud? Dr. Lami is here to help mediate and resolve disputes, ensuring decisions benefit both the business and family relationships.
  • Operational Streamlining: Say goodbye to inefficiencies! Dr. Lami identifies and refines processes to boost your productivity and profitability, all while considering the unique dynamics of your family business.
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Advisory Services: Customized Insights for Seamless Operations

Dr. Lami understands the pressures and intricacies of family-run businesses. Her bespoke advisory services are here to guide you through:

  • Leadership Coaching: Elevate your leadership with Dr. Lami’s coaching, designed to help you manage business demands and familial relationships with finesse.
  • Succession Planning: Planning the future? Dr. Lami provides expert guidance on transitioning leadership smoothly, honoring the past while preparing for a robust future.
  • Governance Development: Establish clear governance that clarifies roles and streamlines decision-making, ensuring everyone is marching towards the same goal.
Family Business Governance

Therapy Services: Strengthen Bonds, Forge Ahead

Recognizing that the health of your business is directly tied to the well-being of its members, Dr. Lami incorporates psychological insights to fortify family bonds:

  • Family Dynamics Therapy: Improve interpersonal relationships and ensure personal issues don’t disrupt business operations.
  • Stress Management Workshops: Prevent burnout through workshops that equip your family to manage stress effectively, crucial for maintaining personal and business health.
  • Customized Retreats: Step back and regroup with tailored retreats designed to strengthen family bonds and refine business strategies away from daily pressures.

“We are 4 siblings in a family business… We had issues between us that were going on for 30 years. We tried getting help from different professionals, but nothing helped us resolve them. Working with Dr Lami was the first time in 30 years that we felt we were making some progress. She touched upon core issues… I now understand why getting help from a coach or a business advisor alone may not be enough… a trained psychologist is what the family needed.”

RAV, Arizona, US

Example of the challenges family members in business face are:

  • Your family patriarch does not let go despite saying they do, thereby staying in control.
  • Boundaries are not respected, and responsibilities are not shared fairly, leaving you feeling taken advantage of and resentful.
  • You are not given credibility, left feeling that you are not heard or needing to prove yourself.
  • You do not see eye to eye with the others on how to run the business making little progress.

 

More Challenges Faced by Families in Business are:

family business therapy
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Resolving Conflict in a Family Business

It’s not unusual for conflicts to arise between family business members, as each person has their own motivations, perceptions of each other, viewpoints of the family history and fairness.

Unless addressed properly in a careful manner, these breakdowns usually cause wider repercussions, creating significant barriers to progress in the business, and also have a negative effect on other areas of life.

However, when given the opportunity to voice their opinion and express their differences, the result is surprising! Family coaching or therapy in a safe and constructive environment helps families understand the root of conflicts, how to resolve them, and discover the best way to move forward in their professional and personal lives.

 

Improving Communication

It is common for families to experience hurdles in comminications for various reasons. For instance, sometimes a family member feels alienated because they hold different views and do not feel safe or have the confidence to express them, which can lead to passive-aggressive behaviours. Others tend to be overly confident or controlling and overrides others views.

If you’re struggling with family relationships, communication and business issues, and are looking for a way to improve business productivity, then family-business consulting combined with coaching and therapy is a great place to start.

Dr Lami is highly experienced and trained in understanding family dynamics and identifying the unconscious aspects that are at play, which limit progress. She will help you to overcome issues in communication between relatives and help improve personal relationships to promote progression in performance for their business.

 

For more information please get in touch here →

 

Family Constitution

A family constitution is a formal document which sets out the rights, values, responsibilities, and rules applying to stakeholders in a family business. It provides plans and structures to deal with situations which arise in the course of the life span of a family busines.

But it is more than that. We all know that plans and structures by themselves do not breed success, but that healthy relationships do. Many families neglect to include in their constitutions important matters relating to non-financial and non-business wellbeing, matters that impact the family unit and its future generations.

That’s why it is extremely important and valuable to create a document that it is more than a dry family constitution, but one that becomes the glue that holds the family together.

Next Generation Coaching & Mentoring

While family businesses have both special advantages and difficulties, the next generation in a family company faces a unique set of challenges.

A conflict between finding their own career path or joining the family business often arises. This can lead to tension, frustration, and an overall communication gap where these younger family members feel that their voice is not heard or important.

Careful preparation in your development is absolutely vital to the successful evolution of your family, family business, your relationships or in sustaining your wealth. This is discussed in more detail on the ‘next generation coaching & mentoring’ page.

Dr Lami offers family business psychology, coaching and mentoring to help equip the next generation with the tools and resources needed to ensure emotional and financial wellbeing moving forward.

Addressing other matters

Quite often during my work with family members, other matters surface, which needs to be dealt with, for instance:

  • Understanding their relationship with money and its impact on the running of the business
  • Learning about thier money personalities and how they impact the running of business
  • Helping integrate new family members
  • Developing leadership skills
  • Appreciating strengths of family members and playing to their strengths

 

Ready for a Change?

If you’re tired of the stress and ready to turn your family business into a legacy of success and harmony, Dr. Lami is here to help. Connect with her today and start transforming your business into a beacon of success and familial cooperation! Click here.

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