How Executive Coaching Can Help Your Family Business
Are you involved in a family-run business? Did you know that most of the nation’s wealth lies in family-owned and controlled businesses? According to Reuters, 80% of the American workforce is employed by a family business; 35% of Fortune 500 companies and 60% of all public companies are owned or controlled by families.
When it comes to longevity, family businesses have an average lifespan of twenty-four years. Thirty-five percent of family businesses pass successfully to the second generation, 12% to the third generation, and 4% to the fourth. Executive coaching can help family business owners implement strategies to keep their businesses going for generations.
Working as an executive business coach in San Francisco and all across the nation has given me the opportunity to connect with family-run business executives, and has revealed to me how important it is for executives to strengthen their leadership skills to achieve both … Continue reading How Executive Coaching Can Help Your Family Business