The Stress of COVID and Politics

Everywhere you look, you’re likely to see people facing an unprecedented amount of stress. Mental health experts know stress during times like this can impact people in many different ways and may be exhibited by:

  • Fear and worry about ones’ own health and the health of your loved ones, the financial situation or job, or loss of support services relied on.
  • Changes in sleep or eating patterns.
  • Difficulty sleeping or concentrating.
  • Worsening of chronic health problems.
  • Worsening of mental health conditions.
  • Increased use of tobacco, and/or alcohol and other substances.

Everyone reacts differently to stressful situations. How you respond to stress during these unprecedented times can depend on your background, social support from family or friends, your financial situation, your health and emotional background, the community you live in, and many other factors.

As a leader in the family business, how do you help your family and employees navigate the current situations?

Part of the answer needs to lie within each individual. Each individual needs to have a level of self-awareness so as not to react inappropriately. Respond, don’t react. As Families in Business it is important to help all family members and employees to understand themselves. They, after all, represent the family and the business. Inappropriate reactions are not healthy.

Another part of the answer lies within the structure of the organization. Are the processes, procedures, workflow, reporting dynamics, or structures creating a toxic environment or contributing to the stress levels?

Leadership needs to look in the mirror and honestly explore their contribution to the crisis.

  • How much added stress are we creating in our family, or in our business, or for our employees?
  • How are we helping our family and team members gain higher levels of self-awareness?
  • What are we doing to provide proper and acceptable ways of dealing with stress?

Grit and resilience are critical to personal care. Taking care of your family and employees can be a stress reliever, but it should be balanced with care for yourself.

Leading a successful family business through unprecedented times requires a clear understanding of positive family relationships and a clear understanding of business relationships (known as employees, management, vendors, and customers).

“Good leadership is built on love and truth, for kindness and integrity are what keep leaders in their position of trust.”   Proverbs 20:28 The Passion Translation

Too Often Forgotten

“never drift off course from these two goals for your life: to walk in wisdom and to discover discernment. Don’t ever forget how they empower you. For they strengthen you inside and out and inspire you to do what’s right; you will be energized and refreshed by the healing they bring. They give you living hope to guide you, and not one of life’s tests will cause you to stumble.”

                        Proverbs 3: 21 – 23  The Passion Translation

OUR SERVICES

  • We guide successful family businesses to clearly define a timeline, expectations,  who is responsible for what, and who is responsible for sustaining the family business and the family legacy with accountability.
  • Take the guess-work out of creating an advisory board.  Forget the countless hours trying in vain to identify (and then recruit and then figure out how to pay) the right board members.  We will provide the structure and the professionals for a focused, effective advisory board, and we implement the process for you.
  • We support family businesses to help build and maintain a robust entrepreneurial climate with both family and non-family.
  • We take a holistice approach with Family Businesses helping them understand they are more than the sum of their parts, and they exhibit unique behavior as a whole rather than the singular behavior of the Family system, the Business system, and the Ownership system.
  • Family dynamics are complex and there is no one size fits all solution. Our facilitation helps build appropriate structures and guidelines that provide platforms to facilitate transparent dialogue and sustainability of the family business.
  • Building a Family Legacy requires developing the rising generation. Our coaching process helps the next generation understand themselves, family dynamics, business knowledge, and foundational leadership.

“Where there is no vision, the people perish.” Proverbs

Our process creates a road to travel that is safe, allows the freedom to openly discuss where the family is going and how they plan to get there. With the commitment to the process there is built in accountability to keep everyone focused and on track.

If a business family could work through the difficult questions and develop clear answers that all could agree to, understand, and continually communicate, they would see the health of their family and business grow exponentially.

  1. Why do we exist?
  2. How do we behave?
  3. What do we do?
  4. How will we succeed?
  5. What is most important right now?
  6. Who must do what?

SKM Associates

SKM Associates Family Business Consultants exists to serve and assist family businesses as they build and preserve their family legacies.  We work with family enterprises and closely held businesses on issues such as succession planning, communication, board and family business structure development, family meetings, professional coaching and development, education, and business strategy.

[rev_slider alias=”logoslider” /]

CONTACT US