×

Cart

No products in the cart.

View Cart Checkout

×

Log in

GET FREE ACCESS to advice from your peers who have lived it, experts who know it and short activities that will point you in the right direction for success.

A sign of a healthy enterprising family

At BFF we asked Margaret-Jean Mannix, Chairman of Loram 99 Corporation, to tell us why she loves to help other members of her family to define their dreams. Here’s her story:

“I find that, in family business, people can lose themselves and lose sight of what’s meaningful for them and what’s valuable for them and try to fit other molds.

“The healthiest family businesses are the ones that can integrate and build upon the dreams of individuals.

“I have siblings who are in their 20’s, so a fair amount younger than me, different life stages, and we definitely have good conversations around their career plans and their hopes and dreams and desires. I hope that’s where I can also lend assistance from a mentorship perspective to really follow their dreams.”

MJ

Key Takeaway: Healthy family businesses can build on the dreams of individuals, they can tweak the direction of the enterprise in the direction of greater alignment between individuals and the firm. The whole point of being an owner is to make what you own be symbiotic with what you aspire to be, the life you want.

If you enjoy the video, remember that hundreds of Family Business Interviews are available to BFF subscribers when you log in at www.businessfamilies.org.

Leave a Reply

Your email address will not be published. Required fields are marked *

Categories

In the field (2)
Interview (5)
Video (12)
News (15)
Uncategorized (18)
Quote (31)
Infographic (37)
Article (64)









HTTP/1.1 200 OK Date: Sat, 23 Feb 2019 13:41:26 GMT Content-Type: text/html; charset=UTF-8 Transfer-Encoding: chunked Connection: keep-alive Set-Cookie: __cfduid=dcee1d1386175e9882351d8fc3f620dca1550929284; expires=Sun, 23-Feb-20 13:41:24 GMT; path=/; domain=.businessfamilies.org; HttpOnly Expires: Thu, 19 Nov 1981 08:52:00 GMT Cache-Control: no-store, no-cache, must-revalidate, post-check=0, pre-check=0 Pragma: no-cache Link: ; rel="https://api.w.org/", ; rel=shortlink Set-Cookie: PHPSESSID=77ohuttimo399bcl6rliidel10; path=/ Set-Cookie: academy-promo=1; expires=Mon, 25-Mar-2019 13:41:24 GMT; Max-Age=2592000; path=/; domain=businessfamilies.org Vary: X-Forwarded-Proto,Accept-Encoding Cache-Control: max-age=290304000, public Expect-CT: max-age=604800, report-uri="https://report-uri.cloudflare.com/cdn-cgi/beacon/expect-ct" Server: cloudflare CF-RAY: 4ada1c1aa860cab2-YYZ Business Families Foundation | Inspiring families and their enterprises
×

Cart

No products in the cart.

View Cart Checkout

×

Log in

Measure and benchmark the agility level of your own organization

Take the Agile Performer Index Survey

Participate

The Intrapreneurial Initiative

Every business can generate new opportunities

Discover

Discover articles and journals that have been published in the field

Explore Publications

The Future of Family Business

Today, family businesses play a crucial role in the economy, but will they tomorrow?

WATCH THE VIDEO

Communication and Conflict Management

Make sure your family
gets the message

Start Now

80% of family businesses fail due to a lack of unity

Be successful by preparing your family and planning for the future

Learn more

What Business Families Foundation can offer you

Intrapreneurship Programs

Looking to better understand key family business topics? We combine key concepts, expert advice and family perspectives to address important themes for you to apply in your own practices.

Launch your own Intrapreneurship Program

Start building a community of intrapreneurs wherever you are in the world. If you are ready to bring the Intrapreneurial Program to your community, we will help you make it happen.


Online Courses

Looking to better understand key family business topics? We combine key concepts, expert advice and family perspectives to address important themes for you to apply in your own practices.

Compass for Entrepreneurial Families

Compass for Entrepreneurial Families is an educational program developed by Business Families Foundation to provide business families with a better understanding of fundamental, contemporary concepts.


Interactive Activities

Need help making important decisions? We’ve spoken to hundreds of families who have lived it. We’ll ask you the tough questions to guide you in finding the right solutions for your family and your business.

What Should We Talk About at Family Meetings?

Play this interactive game to keep the family glue strong and to address issues around family communication and governance.


Relatable Case Stories

Want to see how it’s done? We’ll provide you with relatable business family scenarios so you can learn how to better handle difficult situations, anticipate common reactions, and avoid unnecessary conflict.

Communication

Setting clear communication boundaries in a family business can be complicated and every family is unique in how they decide to balance their work life and their family life.


Family Business Interviews

Searching for advice? We’ve collected hundreds of interviews. Listen to your peers speak about overcoming challenges and learn from their triumphs and failures to set your family and business on track for success.

Imparting family values to the next generations

Watch Carolyn Greenspon, a 5th generation member of The New York Times Company founding family, describe the influence her late great-grand-mother still has on the family to this day, and how business family leaders can act as role models to inspire generations to come.


Advice From Leading Experts

Seeking solutions? Hear from our specialists on best practices and strategies for dealing with common and complex family business issues. Take advantage of the knowledge and expertise they have to offer.

Participation of in-laws in family meetings and decision processes

Listen to Dr. Ivan Lansberg, who teaches family business at the Kellogg School of Management, present ways of inclusion and exclusion of spouses in the entrepreneurial family governance and decisions.


Infographics

Passionate about family business? Browse our interesting and thought-provoking collection of family business tips, tricks and stats! In reading them, we promise you’ll learn a thing or two about family business.

Building a 100-Year Family Business - Successfully Transitioning Over a Century

Imagine if there was a potion to success… Identifiable qualities and steps that you could follow to build a 100-year family business. Well, we have just that. Follow the seven qualities here and you’ll be on your way to a sustainable multi-generation business.


Building a 100-Year Family Business - Successfully Transitioning Over a Century

Monthly Feature

Want to be first in the know? Each month we release one item from our PREMIUM package to the public for a limited time. Don’t miss this opportunity to check out brand new BFF resources.

Safe Space - Governance in Action

This course is designed to be completed in tandem by members of the rising and senior generations, as learning partners.


^
Top
^
^