Running a company vs. running a family

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Transcription:

Characteristic that help individuals run a business, often are in direct conflict with the most effective ways of dealing with the family. By this I mean, when you are running a business and you are the boss, you are used to talking and the other people listen. You are used to being in control and saying what you want, not necessarily always getting feedback, and expecting the behavior to follow. However, when you come back into the family, the role is different. Now you are part of a collaborative process. It's not a boss and workers. It is a parent and child. There has to be an interaction. You have to take off that hat from the talker and the director, and now I'm going to be the listener. It is really only in that listening mode that you connect with another individual. You connect with another individual because you are really willing to hear where that other individual is coming from. You don't necessarily do that in a work environment. That's a difficult transition, very often, with very powerful business individuals.

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Expert Bio

Lee Hausner, PhD

Clinical Psychologist & Author

Dr. Lee Hausner is an internationally recognized clinical psychologist, business consultant and family wealth advisor. She served as the senior psychologist for the Beverly Hills Unified School District for 19 years. She is currently the Senior Managing Director for First Foundation Advisors. An acknowledged expert on psychological issues involving wealth and wealth transfer, she was a presenter at the World Economic Forum in Davos-Klosters, Switzerland, and is a frequent participant at the high wealth/private client conferences for major financial institutions. She is a frequent guest on national radio and television and a quoted expert in national publications such as The Wall Street Journal, Times, Forbes, Fortune, Privilege, Town and Country and Worth Magazine.

Dr. Hausner is the co-author with Doug Freeman of A Founder's Guide to the Family Foundation, published by the Council on Foundations and is the author of the seminal work regarding wealth and the family; Children of Paradise: Successful Parenting for Prosperous Families. In addition, Dr. Hausner incorporated her unique six-step transition model for succession in family business in the critically acclaimed family business resource book Hats Off to You 2: Balancing Roles and Creating Success in Family Business, of which she was a co-author.

Dr. Hausner is a graduate of Northwestern University (BA, Psychology), San Francisco State University (MA, Psychology), and Kensington University (PhD, Psychology).

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