Succession planning is fraught with opportunities for family conflict – between siblings, between parents and their adult children, between those on the farm and their relatives living elsewhere.
I recently asked Lance Woodbury,DTN'sfamily business columnist and a trained mediator, about some methods to “bring down the shout” between family members.
Woodbury: Marcia, there are a few techniques that help prevent conflict in the family business. Of course, open communication and listening skills often get mentioned, but I want to offer a few others for readers to consider:
1. Discuss expectations of one another. ...