Business Tip Tuesday 🚀

What drives employee engagement? Commitment in the family business requires priority from everyone. The word "priority" might be a strange qualifier, but let me explain.

I believe commitment begins on a personal level. Without the foundational personal commitment skillset established as a priority, one cannot have high professional or organizational Commitment abilities.

Further, I think a connection links character with commitment. Commitment reflects what you want, and Character indicates how you will do it as a leader. Therefore, developing and maintaining a family business organizational Vision, Mission, and Values Statement is imperative. If you are serious, a family governance constitution formalizes with priority all family expectations, deliverables, and responsibilities.

Succession in leadership takes time and is critical for success—a goal for every organization, especially a family business. Leadership is not for everyone and not a birthright either. When considering succession, whether in a family business or not, certain qualities must be considered for success.

As a business leader, you must know when to hold, fold, pivot, or stick it out. Setting business goals is part of forecasting, educated guessing, elevating, and adapting. Believe it or not, most do not establish new business goals for the team to rally behind. It's astonishing!

A key to effective leadership is the ability to maintain balance and Control.

Change is happening at 10x the speed of that 100 years ago, and the rate of change is expected to rise even further in the years to come. As a new supervisor or manager, your deliverable is learning to be proactive in front of the constantly changing landscape. The future is happening now; 40% of jobs today will cease to exist 10 years from now - buckle up!

As a Manager, utilize Work-Life Balance to Increase Employee Engagement and Motivation.

The term 'performance' carries an array of connotations. For us to sharpen our performance, it is critical to cultivate a balanced approach. This equilibrium can be fine-tuned further by breaking performance down further into 3 complementary categories: strategic performance, tactical performance, and innovative performance.

One key aspect of leadership is how to develop others as a leader. This involves providing guidance, mentorship, and opportunities for growth and development. It requires being invested in the success of those around you, and helping them to reach their full potential.

A leader who is able to develop others in this way will not only see the benefits of their efforts in the short-term, but will also create a lasting legacy of successful, confident, and empowered individuals.