The Lincoln-Smith family is two families who own a family business in common. Recently one branch of the family sued the other, and the two remaining branches came together in the wake of this lawsuit to create a vision focused on a new beginning for the family and company. This vision has been an inspiration, not only for the senior generation, but also for the younger generation in establishing a family council. In the example shown here, the individual vision is that of the wife of the chairman of the board who is not active in the company. Her focus is on dreaming dreams, and sharing with others as a process of fulfillment.
LINCOLN-SMITH COMMON VISION
Because we embrace the past, we are presented with an opportunity to create a new beginning in which we and our family stand united by these values:
Respect
Compassion
Trust
Generosity
Fairness
Integrity
Guided by these values we are committed to:
Open communication
Support of family goals
Create opportunities for success both inside and outside the business; be able to follow your passion
Giving back to the community
Prayer for Loving Kindness May our family be filled with loving kindness May we be well May our family be peaceful and at ease May our family be happy
NORMA SMITH - INDIVIDUAL VISION
Being appreciated, honored and encouraged to be me-becoming. Dreaming my dreams and trusting to share with others, I am always fulfilled.
LINCOLN-SMITH FAMILY KYTHING
May Jim experience himself as an effective individual who manages challenges and guides others to a successful completion of tasks.
May Janet experience herself as compassionate, respectful of herself and others, and fair in dealing with family and employees.
May Bob and the business serve as a magnet to help draw the family closer together by providing opportunities that include dividends, jobs, philanthropy and physical meetings.
If you enjoyed this article please consider leaving a comment below, sharing it and/or subscribing to have future articles delivered to your RSS feed reader.blog comments powered by Disqus
The Danz family has been working together for approximately 30 years. Over the last 10 years things have been very difficult as they approached succession planning and they had three misfires. Read More
The Hanson family was a wonderful family where the father created an estate plan for his four sons that would allow the oldest son to have control of the company. Read More
The Kelly family vision is an example of a family business where the father had died. His death created many problems not only for the business, but also for the family. Read More
These family business success stories are the outgrowths of actual
common visions created by families in business. All true, these
business success stories have fictional names to inspire other families
to work together to develop their own common vision.
Read More
Take this risk-free first step in ensuring the continued success of your family business now. There is no charge for the orientation meeting other than out-of-pocket expenses for travel.
Does your family business need help with succession planning, conflict resolution, management or other issues? If so, we'll arrange a one-on-one orientation meeting with you and Tom Hubler to help you explore the possibilities of working with us. If you choose, your family and business associates can also attend. Here, in a relaxed environment, you can talk about:
- Key family business issues - Plans necessary for the success of your family-owned business - Possibilities and expectations - Terms of the relationship
