Are you an asset or a liability to your family business?

This week's video blog, Peppermint Wednesday, sees me walking around one of our venues for the Family Business Practice, Stanbrook Abbey, talking about assets and liabilities.

So often I see members of a family business doubting their abilities and holding back from doing the right thing through fear they aren't up to the job. Their instinct tells them something but fear stops them from doing it. In my experience, their gut feeling about what needs to happen is usually right (OK, at times it can be spectacularly wrong, but not often). If you take action, you are an asset to your business, if you prevaricate, dither or put things off you become the main liability to the business.

So have the courage of your convictions. Yes, at times you will get it wrong, but at least you will have done something! To take no action invariably leads to stagnation, so in short, DO SOMETHING AND BE AN ASSET TO YOUR BUSINESS.

If you are having trouble taking action, perhaps you need my help?

You know where I am...