Author: Coach Pete
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How to name a successor and still remain a happy family
Today’s letter is from Ron in Maine: Dear Coach Pete, I have 3 sons and a daughter all working in the business. They’re all doing a good job and I know how lucky I…
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The “How to” recipe for a peaceful Thanksgiving
Hi, it’s Coach Pete and it’s almost Thanksgiving time. It’s one of my most enjoyable times of the year. Families get together at the dinner table and really reflect on the things they have to…
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How to deal with multiple personalities in your family business
Hi, it’s Coach Pete. Today’s letter is from Jeff in Seattle. Jeff writes: Dear Coach Pete, My brother and I have been working together for 7 years and I am not sure I can…
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From Suffering to Celebrating in Your Family Business
It’s amazing the physical energy we take up on our families. In or out of a family business – our family members can frustrate us like nobody else can! Why is that? These should…
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Create camaraderie in your family business
Don’t under estimate the power of friendship and fellowship in the family business. When I asked a family group what they wanted, Jeff, one of the brothers, said, “Camaraderie.” It turned out to be…
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Make Your Practice Plan
By now you understand theat practice is the key to high levels of results. What is your practice plan? Let me make a few suggestions of typical business structures that could be good practice…
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Identify the Deliberate Practices for Your Team
Now that we know about deliberate practice, the question becomes what should I be practicing in the deliberate practice sort of way? Only you and your team know what would be a stretch past…
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Bill Shover’s Routine
Bill Shover, my Little League baseball coach, had a practice plan that was regimented and the same every time. As I look back now, I can see it was deliberate practice. We warmed up,…
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Never Stop Practicing
In his book, Mastery, George Leonard shares one of my all time favorite quotes. Leonard says the Buddhist masters had a saying, “Before enlightenment you chop wood and carry water.” The beauty of this…
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Equal pay in a family business?
Nothing creates heartburn and heartache quicker than realizing you’re working 50 percent harder and producing more results, yet getting paid the same as the family member next to you! One of the common problems I…
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Should I Join the Family Business?
The decision of whether or not to join your family business could be one of the biggest decisions of your life! The problem is, so often, people either get caught up in the emotions…
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Phelps, Nash and Horowitz III
Valdimir Horowitz was one of the greatest piano players of all time, and was quoted as saying, “If I stop practicing for a day, I notice it. Two days, my wife notices it. Three…
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