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Featured Family
The Berman Family
The COVID-19 crisis has changed how we do business. Leaders of all types grapple with how to guide their organizations through these unprecedented times. Family business leaders take on the added complexities, challenges and stress, as they make decisions not only about the future of their business but that of their families as well.
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To explore the impact of these changes and how our families are coping with stress and new pressures, we interviewed FEX Family Member and family enterprise leader, Aaron Berman, Vice President of Business Operations, BERMANFALK Hospitality Group. Aaron works closely with his brother and father, as well as their larger staff team. BERMANFALK operates in one of the hardest-hit industry sectors impacted by COVID-19... [continued]
READ THE FULL ARTICLE
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Recommended Resources on Stress & Wellbeing
We have selected resources that we think you will find relevant and valuable. Take a look...
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Article:
The Coronavirus Effect on Mental Health, Family Business, Millennials and Succession
Read it now
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Article:
Three Dimensions of Organizational Health for Family Businesses
Take me there
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Book:
Crucial Conversations: Tools for Talking When Stakes Are High
Get it now
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Article:
Understanding Conflict
in the Family Business
Read it now
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VIEW RESOURCE CENTRE
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Learning Opportunities
We have some opportunities for you to connect and learn that we think you will find useful and valuable. Check them out!
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Leading Family Enterprise Through COVID and Beyond
Webinar / Online
October 22, 2020
This time of challenge and change is also a powerful learning opportunity for family enterprises and their leaders. Join FEX, WATSON and our family enterprise panelists as we learn from the experiences of family enterprise leaders, the findings from the Family Business Pulse Survey and emerging insight into what has helped leaders and businesses survive and thrive.
Details here
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Family Meet-Up & Conversation
Online via Zoom
October 28, 2020
With family members and employees being sent home to isolate for minor symptoms how do you support your family and business? During our discussion we will discuss how to maintain professionalism/work structure and still be a supportive employer during this time.
Register now
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Harbingers of Hope
Podcast
Available now!
Humanitarian and global health activist Rachel Kiddell-Monroe delivers a post-pandemic message to family enterprises: “It’s no longer about just making money, it’s about contributions.”
Listen now
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SEE MORE FEX EVENTS
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Ask A FEA
FEA(s) share insightful answers to questions from our community.
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Victoria Brown, FEA, CPCC, PCC
Family Business Consultant,
Legacy Family Business
Q: Now that we are in the “messy middle” of the pandemic, what suggestions do you have for families on managing stress in this “new reality”?
A: As families are cooped up together, create agreements for each member to have personal space. Take timeouts, vary the child care, utilize headphones, negotiate on noise and utilize the outdoors as a safe place to gain space.
Utilize your shared family values and unique family advantages to guide decisions and unite — Honesty, humor, tenacity, kindness. “Honesty is our value, so we will be transparent with our staff about the ‘why’ and ‘what’ of our decisions.”
Make sure you...
Read more
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Gayla DeHart, PhD, FEA
Family Business Facilitator,
Hartify Brands
Q: Everyone has a different relationship to risk. What are some steps families can take to ensure all voices are considered?
A: Have regular meetings and be willing and open to hear things that you might not want to hear. Make it safe for everyone to say what is on their mind. Remember that giving someone a voice does not mean that you are giving them a vote, rather you are fostering an environment to bring people along, or at least have them sense that their opinions and feelings matter.
Engaged family members are a good thing, and getting the perspective of another strengthens your ability to find the best solutions...
Read more
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Do you have a question for a FEA?
ASK IT HERE
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Of Interest...
What Business Professors are Saying about COVID-19
by Tima Bansal
Business professors from 53 schools around the world identify 6 priorities for companies in the COVID era: Respond quickly in a crisis; Don’t just manage risks, build resilience; Scrutinize global supply chains and strengthen local ones; Build strong cross-sectoral relationships; Don’t retreat, innovate; Let the light in through the cracks.
Read the article.
Build Business Resilience to Crises
by Dr. Gülsün Altintas
The pandemic has resulted in a large-scale disruption for many businesses. Research shows that companies with organizational resilience are better equipped to get through the crisis and even expand in the future. Organizations can have both passive and active resilience.
Read about them here.
Seven Ways to Make Business Truly Sustainable Post-COVID
by Matt Symonds
In the face of a pandemic or other massive disruption to the world as we know it, businesses must take action to improve the often catastrophic impact. Specialists in sustainability recommend seven ways to make a better world a reality.
Read this article.
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Thank you
Thank you for being a part of the FEX community. If you know a business family that might benefit from joining our community, please contact us.
Add us to your address book
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Family Enterprise Xchange
fexcanada.ca
1.866.849.0099 (toll free)
Our mailing address:
690 Dorval Drive, Suite 135
Oakville, ON, Canada
L6K 3W7
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