Signs of a Crumbling Foundation in the Family Business

Finding the sources of an unstable family foundation is tough work.

You know those telltale signs of foundation problems in your home?

  • Drywall cracks
  • Exterior wall cracks
  • Sagging floors
  • Gaps around doors and windows

All of these… and more… are screaming that your home’s foundation is weakening.

Here’s the thing about being a homeowner – we typically don’t realize we have a problem until these signs appear … or when we’ve decided we can no longer ignore them.

In your family business… It’s exactly the same story.

 

The signs of a weakened family foundation…

The core beliefs and tenets you built your business on don’t become impossible to ignore until you start writing that transition chapter.

Then, Reality Hits

It’s when you’re collecting all that hard and soft data, trying to organize it into those crucial sections… that’s when you finally start noticing:

  • Just how deep those tensions run in key relationships
  • How much that communication gap has widened between family members
  • How badly certain areas of the business are sagging under conflicts, finger pointing – blaming and emotional distancing,

And then it hits you. That moment when you think: “If we don’t fix these now, there won’t be much of a business left for me to transition.”

Getting to the Real Problems in Family Business

Finding the sources of an unstable family foundation? It’s tough work.

The real reasons are buried deep, covered up with temporary patches and layers of ‘look the other way’ paint.

Unfortunately we don’t have fancy thermal imaging like you would on your home’s foundation.

But our Family Business Life (FBL) Foundation Questions for The Transition Chapter?

They’ll give you a pretty clear picture of what’s causing the damage.

If you’d like to talk about what you found and brainstorm solutions, let’s connect.

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