Kathy Marshack is a licensed psychologist and family/business coach with over thirty years of experience. She is the nationally recognized expert on couples who work together and is the author of "Entrepreneurial Couples: Making It Work at Home and at Work." She has tips and products for entrepreneurs and family businesses available on her website -
www.kmarshack.com.
Articles by Kathy Marshack Ph.D., P.S.
With the national economy and world economy stretched to the breaking point, some people are facing layoffs in record numbers. This is yet another way that individuals and families are being forced to reevaluate their priorities. If you are a recently laid off employee, it may not feel like a layoff...
The benefits of women mentoring in the business world is discussed this article
Tips for entrepreneurs to help them set new priorities for the New Year.
"It'll just make things worse if I tell him."
Janice was getting more and more anxious as the days and weeks went by. The bills were mounting, the creditors were calling, the first bank note was due in one month, and sales were miserable. Janice and her husband had just begun a business expansion...
When couples work together they have the opportunity to work with a partner they love and trust most. They also have the opportunity to see the best and worst of their partner . . . day in and day out. Even with the most enlightened people, this constant togetherness can cause conflict. It's wonderf...
"I feel like I'm always walking on eggshells around you!"
"I never seem to know what will make you happy!"
"Why can't you make up your mind?"
If you have ever made these comments or heard them from others, then you know how exasperating this kind of relationship can be, whether it is a p...
"She has a sixth sense with her business." "He can always close a deal." "They always make the right investment decisions." Do you envy them? What's the key to their success?
Daniel Goleman, a psychologist, suggests that these differences among people may be due to your EQ, or Emotional Quotient....
In a family firm, especially one where husband and wife are co-owners, there are bound to be power struggles. How can couples who work together develop a structure for communicating and decision-making that works for them?
Most married couples never stop to think about consciously discussing duties, tasks, chores, and responsibilities. Things just follow a certain course and you are either happy with it or not. Actually the research shows that in most family firms, job assignments both at home and at work follow traditional gender divisions of responsibility. That is, men do "men's work" and women do "women's work."
In a family-owned business, preparing children for entering into adult life is different in some ways than for other families. The assumption may be that the child will stay in the nest; that they are being groomed to take over the family business when the parents retire. There is an inherent conflict in grooming your child for independence and yet holding that independence in suspension until the parents retire from the business.
Compensating relatives is a sticky business. Not all people are really created equal. It is sometimes very difficult to assess and compare the talents of family members who are also employees. Nor do all family members contribute equally to the business. As a result of the stress that this causes, many family business owners ignore the problem and let compensation become a breeding ground for dissension in the family.
What makes a leader? Is leadership a genetic trait or a learned ability? Are men better leaders than women? Is leadership ability universal or situational? Do leadership skills fade if not used?
These are questions that research has yet to answer. But leadership development is one of the major c...
It may be time-consuming to learn that new computer program, or to revamp your marketing strategy, or to take time from work just to go for a walk, but in the long run you may save yourself a lot of grief. All too often we apply a band-aid when surgery was needed.
When problem solving the first q...
Women in business, one of the fastest growing segments of the self-employed, and yet we know very little about them. Half of America's workers are women. More and more women are entering the workplace and more and more women are entering at the business and professional level than ever before.
Wo...
Learn From Those Who Know
One of the most challenging of lifestyles is working with your spouse in a thriving business. Most entrepreneurial couples would have it no other way. They love the opportunity to be independent, in charge of their own destinies, and to work along side the one they love ...
Most entrepreneurs are so caught up in the passion of their enterprise that they rarely plan ahead for the wealth that will accumulate. Although there is a desire to make money, only a select few entrepreneurs actually make money their goal. Rather wealth is a byproduct of having done well. Furtherm...