How Succession Therapy With a Family Business Therapist Can Help
Family-owned businesses are an integral part of the American economy. But, with the aging of the current generation of business owners, many families are facing difficult decisions. Decisions about what to do when a family member is no longer able to run their business, and the future of the business itself. It not only affects the economy but the family unit as well.
Conflict is a natural part of any familial relationship, and it can be particularly intense when dealing with the future of a family-owned business. These transitions can be very emotionally charged and can lead to conflict in families, even ones that have been closely linked for generations. It can be over the family business, money, grandma's clock, or dad's old rolex - whatever the source, these conflicts can be very stressful and damaging to family relationships.
That is why those involved in family businesses need to understand how to turn their stress into motivation and excitement about the future. So, in this blog, we will discuss how to recognize and manage stress in the context of family-owned businesses, as well as how to use forward-thinking strategies when making decisions about the future.
How to Turn Stress or Anxiety Into Motivation, Excitement, and Forward Thinking
When faced with the stress of a family business transition, it is important to remember that everyone's needs are different. There is no single solution for every family dynamic, but there are certain strategies and techniques that can be used to help manage the stress and anxiety associated with family businesses.
The first step is understanding who you are. Think about your goals, what motivates you, and how you want to be perceived by your family members. It is also important to take stock of everything that has already been done and where the business currently stands. This can be reflecting how far the business has come, or the progress that has been made in terms of family relations. You can then use this to motivate you to move forward and make decisions about the future.
Mental Health Challenges Are Real and Must be Managed
Mental health is important. Everyone faces their own unique mental health challenges, and it is important to understand how to manage them. Whether you are dealing with depression, anxiety, bipolar disorder, or any other mental health struggle, having a plan is beneficial.
Having a plan in place to help you manage your symptoms can make a big difference. It can determine how much energy and focus you have available for making decisions about the future of your family business. This will allow you to look toward and plan for the future with greater visibility and clarity.
If Your Loved One is Struggling
If it's your loved one who owns the business and is struggling, it is important to be understanding and supportive. Make sure they are getting the help and support they need from professionals, as this could make a big difference in how successful the transition will be. This could be the time to find a family business therapist in Kansas City, MO to help you and your family members work through the emotions involved in the transition, setting up a plan for success.
When your loved one is focused on their mental health, it can create a healthier environment for all parties involved. They no longer have to decide between the business and their mental health – they can have both. This will also allow you, as the family, to start to plan and make decisions about the future of your family-owned business in Kansas City, MO with greater clarity.
You Don’t Have to Face These Challenges Alone
It is also important to remember that you don't have to face these challenges alone. Feeling comfortable enough to ask for help can make a huge difference. It will allow you and your family to feel less inhibited by stress and believe that you are capable of making the right decisions for the future.
Setting goals can help with this too. Goals that focus on developing a greater sense of agency within yourself, or discovering your true gifts will empower you to make a change for the better. It can also be beneficial to develop an elevator pitch of who you are outside of what you do and understand where you are in your greater journey.
The Better You Can Manage and Cope With Your Mental Health, the More at Peace You Will Be.
When you take time to foster your mental wealth, your decisions will become more clear and you will become more at peace with yourself. This can contradict the myths of men and mental health which assume that one should always be strong and manly. In fact, it is the opposite. Being strong means allowing yourself to take time for your emotional well-being, so you can make smart decisions for yourself and your family.
Family businesses are complex and often come with great responsibility. Addressing these myths can break down the walls that prevent anyone, regardless of gender, from seeking help and relief. Even major sports teams are addressing the mental health challenges faced by their players, showing that this struggle is real for everyone. This is why seeking therapy for business owners in Kansas City, MO can help alleviate some of the stress and anxiety associated with running a family business. Because working with a family business therapist in Kansas City, MO confidentially is easier than talking to your parents, it can be beneficial to consider seeking third-party help.
At the end of the day, mental health is important. It can have a significant impact on your decisions and how successful they are when transitioning into a new family business role. Taking time to foster your mental wealth will give you clarity and ease in making decisions about what comes next, allowing for
Interested in Working with a Family Bussiness Therapist in Kansas City, MO?
Addressing the topic of succession before it becomes an issue can help reduce the stress and anxiety associated with family business transitions. Working with a qualified family business therapist in Kansas City, MO can be beneficial to address the mental health challenges faced during the transition process, as well as develop strategies for dealing with them. Through therapy at Mental Wealth Counseling, you can figure out what works best for you in order to make the transition as smooth and successful as possible. If you are ready to begin therapy:
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Other Therapy Services Offered at Mental Wealth Counseling
I know you may be struggling with more than planning your family business succession. At Mental Wealth Counseling, I offer an array of services to provide you with the support and guidance that will lead you to greater mental wellness. The services I offer are: Therapy for Men, Financial Therapy, Couples and Family Financial Therapy, and Therapy for College Students. Your mental health is your mental wealth. Let’s get you the support, guidance, and resources you need to help establish your professional goals and build a life of mental wellness.
About the Author
Introducing Gary Wolf, PLPC and LPC, an experienced professional of 25+ years in wealth and investment management, now dedicated to aiding individuals in family-owned business successions. At Mental Wealth Counseling, Gary offers empathetic guidance and strategic support, leveraging his extensive expertise to navigate the complexities of business transition. His approach combines coping skills, self-awareness, and a holistic perspective, empowering you to overcome challenges, drive positive change, and attain mental well-being. With Gary's insightful assistance, you can confidently steer your family's business toward a successful and harmonious future.
