Family-owned businesses are near and dear to my heart being the founder of one, but more importantly, they are the backbone of our communities, built on legacies, shared values, and a deep commitment to the future. But in today's rapidly changing world, traditional leadership models may no longer be enough. It's time to redefine what it means to lead, especially within the unique context of a family business. Our concept, "Leadership ReDEFYned," is about building a strong foundation of authenticity and then layering on fundamental principles to truly inspire your teams and achieve maximum impact and optimal results.
Think about it – in a family business, your values are often woven right into the fabric of the company. That's a really good thing! As a leader in your organization, your team wants to see the real you – the leader who's genuine, transparent, and driven by a clear purpose. Don't try to be someone you're not. Trust me, your authenticity is your superpower. It builds trust and loyalty, which is everything in a family business.
So, what does "Leadership ReDEFYned" look like in practice? Well, it all starts with that authentic core of understanding who you are, what your values and strengths are - and leaning into those to maximize how you show up every day. We believe that this is what truly separates good leaders from the great ones! We also believe that in order to be a great leader, you not only have to be authentic and true to yourself but also embrace three fundamental principles.
So, how do you figure out who you authentically are as a leader?
It's a journey of self-discovery, for sure. Think about what truly motivates you. What are you passionate about? What are your core values – the things you'd never compromise on? What kind of impact do you want to make in the world, and in your family business? Sometimes, it helps to ask for feedback from trusted colleagues, mentors, or even family members. What do they see as your strengths? Where do they think you shine? Also, don't be afraid to reflect on your past experiences. When did you feel most energized and effective as a leader? What were you doing? Who were you working with? Understanding these moments can give you valuable clues about your authentic leadership style. It takes time and introspection, but it's so worth it.
And once you land on that awareness of who you are as a leader (and who you want to be) you can really lean into that authentic core and bring "Leadership Redefined" to life by building on it with three fundamental principles:
1. Efficacy – Getting the Right Stuff Done
This isn't just about ticking boxes; it's about being strategic, focused, and data-driven. As a family business leader, you need to know your market inside and out, spot those opportunities, and make smart decisions that lead to real growth. Think about it – are you working in your business or on your business? Efficacy means getting done what you need to get done and it also means empowering your team. Give them the tools, training, and support they need to shine. Clear roles, responsibilities, and expectations are key, and don't be afraid to hold people accountable (including yourself!).
2. Influence – Leading by Example, Not Just by Title
Leadership isn't about bossing people around; it's about influencing them to action. And true influence comes from building real relationships, being a good communicator, and genuinely caring about your team. It's about opening doors to help them believe in the vision and empowering them to bring their unique talents to the table. In a family business, this influence can ripple out beyond the workplace, touching family dynamics, and even community relationships. Think about how you can create a collaborative environment where everyone feels valued and heard. Really listen to what your team has to say and create a safe space for them to share their ideas (and their concerns!).
3. Inspiration – Lighting the Fire Within
This is the magic ingredient! It’s one thing to influence action but a whole other when that action comes with motivation and energy. Inspiration is sourced from a leader who's passionate about the mission, who paints a compelling vision, and who gives their team a real sense of purpose. Family businesses have a unique advantage here – the ability to connect the work to a larger legacy, a shared history, and a set of core values. Lean into that! Remind your team why their work matters, how it fits into the big picture, and how it connects to the family's vision for the future. Celebrate wins, recognize contributions, and build a culture of appreciation. A little "thank you" can go a long way!
A Few Thoughts to Take with You
- Own your authenticity: Your values, passion, and strengths are your superpowers.
- Focus on efficacy: Get the right things done, the right way, and empower your team to do the same.
- Cultivate influence: Build strong relationships and communicate openly.
- Inspire your team: Connect their work to something bigger and celebrate their successes.
A Little Something to Try This Week
- Take a moment to reflect on your own leadership style. What are your strengths? Where could you improve?
- Have a real conversation with one of your team members. Ask them about their challenges, their ideas, and what inspires them.
- Celebrate a recent win, big or small. Let your team know how much you appreciate their hard work.
"Leadership Redefined" isn't just a fancy phrase; it's a way of being. It's about leading with your heart and your head, and creating a legacy that you can be truly proud of. I'd love to hear your thoughts on this – what resonates with you? What challenges are you facing? Let's keep the conversation going!
Tami Chapek, PCC
CEO and Founder | Executive Leadership Coach
WeInspireWe
If you are interested in topics that address leadership roles in your family-owned business, please join us at our Leadership Development monthly sessions that Tami facilitates. Contact Amy at adotts@familybusinesscenter if you have any questions about this group.
About the Author:
Tami Chapek is a passionate advocate for family businesses and a sought-after speaker and consultant on leadership development. With years of experience working alongside family-owned companies and major corporations, Tami understands the unique challenges and opportunities they face. She helps family business leaders define their authentic leadership style, build high-performing teams, and create a legacy that lasts. Tami believes that strong leadership is the key to unlocking the full potential of family businesses and ensuring their continued success for generations to come. She is committed to empowering family business leaders to embrace a "Leadership ReDEFYned" approach, fostering a culture of authenticity, efficacy, influence, and inspiration.