| Misplaced Love September 10th, 2023 by Bill Boyajian |
 When generations collide as they often do, it can lead to anger, frustration, and resentment. This is what I encounter when working with businesses that need to rise above the family baggage that has crept into the company. Parents get labeled as obstinate and “old school” and children get labeled as complacent, if not lazy. As often as this happens, what I see just as frequently is misplaced love in an effort to appease and win favor with children. If we keep enabling the younger generation, nothing will ever be learned on their own. Parents need to wake up, distance themselves, and exercise tough love. Unfortunately, people who have been given too much too often will resent their parents once the “gifts” are taken away. In yet other instances, threats and demands by parents get forgotten or overlooked. So young people learn that nothing will happen if their behavior or habits persist because they have seen the lack of follow through by their parents. Each of these examples causes stress and heartache for both generations. What each needs to learn is that relationships between parents and children must operate like a successful marriage. By this I mean that reasoned compromise must be evident to ensure a successful family business transition. It isn’t easy, and no family or family business is without its challenges. If help is needed, I encourage you to get it. Tags: Advice, Anger, Appease, Business, Business Development, Business Tips, Business Transition, Challenge, Children, Company, Complacent, Developing Leaders, Distance, Encounter, Encourage, Family, Favor, Frustration, Generations, Habit, Knowledge, Lead, Leadership Excellence, Leadership Skills, Learn, Learning, Misplaced, Old, Persist, Personal Development, Relationships, Resentment, Success, Successful, The Mind of a Leader, Win, Work, Young |
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“I needed help orchestrating a succession plan for our business. I had heard that Bill Boyajian specialized in assisting owners to transition their business to the next generation. He knows how to bridge the generation gap and deliver what each needs to hear. I would recommend Bill to any business owner who needs advice on succession planning from a trusted outside professional.”
–Charles Denaburg,
Managing Partner,
Levy’s Fine Jewelry
Birmingham, AL
"Our family needed some guidance on business transition and succession planning. We asked Bill Boyajian to help us because we knew we could trust him to tell us what we needed to hear. Bill became a valuable resource for our company and our entire family. He has the ability to meet each of us where we’re at and it has served us very well."
–Ceylon Leitzel
Leitzel Fine Jewelry
Hershey & Myerstown, PA
“We needed a plan to transition our business to a non-family member and we asked Bill Boyajian to help us. His experience in the area has really paid off, but we didn’t expect the added value of putting us together with a financial planner who helped organize our retirement needs. We now have the fundamentals to transition our business successfully, and we have Bill to thank for it.”
–Ernie & Debbie Cummings
Kizer-Cummings Jewelers
Lawrence, KS
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