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In today's podcast with Josh Phelps, President of Winchester Metals, we explore the ups and downs of running a family business while offering insight and advice on how to navigate the unique challenges that come with running a business with family members.
Listen as we explore the importance of building a positive work culture and the importance of taking care of your employees. Josh shares how a happy and engaged workplace is essential to the success of any business, but can be crucial for a family business.
Through real-life examples and expert insight, we discuss the importance of communication, transparency and trust in building a positive work culture. We also delve into the challenges that can arise when family dynamics spill over into the workplace and offer practial strategies for managing conflict and creating a harmonious work environment.
Josh shares how having multiple generations involved in the business, offers a sense of continuity and ensures that the business remains true to its core values and mission over time, even as the business environment and marketplace change.