Don’t be the GODFATHER of the family business!
I have had several business colleagues laughing at my expense recently, nicknaming me ‘The Godfather’ of the family business. Their ribbing was light-hearted and good natured and I took no offence.
The truth is, I will shortly become sixty-one years of age, my hair line is receding and greying and I can’t deny it. Fortunately, I try and keep in some form of shape so the waistline isn’t too bad, but the perception of where I am in life can’t be denied.
The challenge in a family business is that as the perceived leader, if you are not careful, all roads will lead to you – whatever your age. This isn’t good for the business, your people and most of all you.
If the team thinks you make all the decisions then they won’t think for themselves and leave the responsibility to you. Far better to empower them to make their own decisions (even if they are clearly the wrong ones) to enable them to be wiser, as well as the fact they are probably faster and stronger, which comes with youth!
If you assume the position of GODFATHER, you assume a position that is inescapable. If you assume the position of mentor then you have the right to a life…
Think about it.
If you are having challenges being the leader of the business you know where I am!
P.S. And remember… if I can help you in any way, just let me know!