Many family-owned businesses are resistant to forming a board for their company. Leaders of these firms fear they will lose control of their company if they create a board – either a board of directors (who have fiduciary responsibility) or a board of advisors (who only make recommendations). Another concern is that of revealing secrets – usually financial secrets, such as keeping the matriarch of the family or an uncle on payroll, even though he or she doesn’t contribute to the business – to outside scrutiny.
While these are normal and understandable concerns, in our experience a well-constructed board is a competitive asset to a family-owned company or a small to mid-sized company. A board serves at the discretion of the owners of the firm, meaning the owners can hire and fire directors at any time. Truly, any fears of losing control and unfounded.
6 Ways to Have Fun At work
Companies and work teams that laugh together, perform together. Making your workplace a fun place pays off in happier workers, and happier workers are generally more productive workers. It’s really a simple formula:
Fun workplace = happier workers = more productive workers
Humans are social animals, and we love to eat together. Food is a team-builder, so bring on the calories! Here are just a few ways to use food to build your people into a high-performance team:
From the desk of