Family Business Coaching
Why Family Business Coaching is Essential for Growth
The owners of family businesses or SMEs face a unique set of challenges, making Family Business Coaching a powerful tool for overcoming barriers and unlocking growth.
For many, the journey of business starts with being an employee, then becoming self-employed, and eventually growing a fully-fledged business. All these different stages require subtle, yet important mindset shifts and changes in identity. Unbeknown to themselves, there will be barriers in moving forward from one level to the next. This is where professional family business counseling and coaching can identify these hidden barriers and help the owners of family businesses overcome them to achieve success.
Navigating Family Dynamics and Succession Planning
Secondly, it’s about the family. Too often owners employ family members for all the wrong reasons: availability, cheapness, trustworthiness, obligation, hope, none of which are about the suitability of the person to do the job!
Sons and daughters are often under pressure to take over the family business, but then ‘Dad’ will never let go of the reins because no-one can do it like him. (If you keep hold of the reins, Dad, no-one will!) Then of course there are the other siblings. They aren’t the MD, they don’t actually do any work in the business, except when they feel like it, but they have a sense of entitlement which becomes a real burden to the business.
Professional Development for the Next Generation
Getting past the third generation is really difficult. The best families, in terms of business competence, recognise they will never attract top talent if the best positions are filled by family members. Send the kids to business school before they take over as shareholders, not executives. Effective family business counseling often involves setting these professional boundaries early.
Managing the Emotional Minefield of Inter-generational Business
The dynamics of navigating the inter-generational family business are an emotional minefield. Too often, emotion dominates debate when reason should prevail. The very wealth you worked so hard for gets squandered and diluted by people who seem not to care less – and they’re your family!
Leadership Coaching for Family Business Owners
It’s not only CEOs who feel lonely! Family business owners often face similar feelings of isolation, misunderstanding, and lack of appreciation. The emotional toll of running a business while managing family relationships can be overwhelming.
Family Business Coaching gives the owners an opportunity to recast their relationships inside and outside the office. Often, clients tell stories about how their own transformation has impacted the people around them in very visible, positive ways.
Addressing What’s Holding Your Family Business Back
Family business owners are human, too. Sometimes, they know what’s bothering them but don’t feel comfortable discussing it. Other times, they just feel that something isn’t quite right, but they can’t put their finger on it.
John Cottrell’s family business coaching helps owners identify and resolve these issues, providing clarity and confidence to navigate challenges. With the right support, life and the management of a family owned business become so much easier to manage.
Meet Business Coach
John Cottrell
With over 30 years of experience in helping people achieve their goals, whether that’s in business or in life, John’s proven techniques have seen him amass a long list of accolades and references.
How Breakthrough Business Coaching Works
1. Book a 10-min discovery call
Let’s find out quickly and easily whether Breakthrough is likely to be right for you. We can help most people, but there are a few we can’t and a few who might not need it. If you need a longer call, that’s fine too.
2. Complete your Breakthrough sessions
You’ll go through the three different stages of the process, Preparation, Breaking through and Completion, and as you do, you will start to feel better and better about yourself. Your mental clarity will improve and you’ll have more energy.
3. Breakthrough into your new world
Your old habits will no longer have the same meaning for you as they did in the past. Now you will perceive the world differently, seeing opportunities not threats, finding yourself more relaxed and peaceful, and understanding the behaviours of others.
Breakthrough Business Coaching Insights
Whether it’s increasing sales or improving one’s emotional intelligence, John’s insights and coaching techniques are based on his extensive business experience and advanced knowledge of behavioural sciences.