The 5 famous laws and their application in family businesses

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"Las leyes universales ofrecen una guía práctica para enfrentar los retos únicos de las empresas familiares."

Family businesses face unique challenges by combining the complexity of family dynamics with the demands of the business world. The ability to navigate this environment depends on knowing how to apply universal principles that, although they are not always evident, can make a big difference. In this article, we explore five famous laws and how they can be used in the context of family businesses, with a practical approach and a closing paradox that invites reflection.

1. Murphy’s law: “When you fear that something happens, it is more likely to happen.”

In a family business, fears about the future, succession or family differences can cloud the trial and increase the risk of errors. Murphy’s law is a warning to not allow fear to paralyze the action.

Practical application:

  • Design a long -term strategic planning.
  • Prepare a clear and consensual succession plan.
  • It encourages open and honest communication among family members.

When addressing the problems before they climb, the probability that fears become realities is reduced.

2. Kidlin Law: “If you write a problem clearly, you have solved half of it.”

Complex dilemmas in family businesses arise frequently due to the mixture of family and business roles. Kidlin’s law highlights the importance of clearly defining problems before trying to solve them.

Practical application:

  • Document the problems and goals of the company.
  • Create family agreements on governance, responsibilities and decision -making.
  • Define specific roles to avoid misunderstandings and facilitate conflict resolution.

“The success of a family business lies in balancing universal principles with the emotional and human essence of the business.”

3. Pareto Law: “80% of the results come from 20% of efforts.”

In family businesses, resources are usually limited. Pareto’s law suggests focusing efforts on key areas that generate significant results.

Practical application:

  • Identify the activities, products or markets that boost growth.
  • Prioritize the strategies that generate greater impact.
  • Eliminates unnecessary efforts to optimize available resources.

4. Wilson’s Law: “If you prioritize knowledge and intelligence, money will continue to come.”

Although the family legacy can be influential, sustainable success requires innovation and continuous learning. Wilson’s law emphasizes that prioritizing knowledge over immediate wealth brings long -term benefits.

Practical application:

  • Invest in the training of family members.
  • It encourages continuous learning about the sector and new business strategies.
  • It drives creativity and adaptability to face market changes.

5. Falkland Law: “If you don’t have to make a decision, then do not decide.”

Hurd decision making can damage both business stability and family relationships. Falkland’s law invites you to reflect: sometimes, the best action is not to act immediately.

Practical application:

  • Evaluate if a decision is really urgent.
  • Collect all the necessary information before acting.
  • Promote reflection meetings to analyze possible impacts.

The paradox is that, although these laws promote efficiency, clarity and knowledge, the emotional reality and the unique history of each family complicate its application. Family businesses must integrate these principles with empathy, patience and a long -term approach.

Success lies in balancing the rational and emotional, applying these laws with sensitivity to human relationships and family legacy. In this way, it is possible to build a business culture that assesses both the principles of efficiency and family harmony and sustainability. “The family is the first essential cell of human society.” Pope John XXIII

Contact:

Twitter: @mariorizofiscal

The opinions expressed are only the responsibility of their authors and are completely independent of the position and the editorial line of Forbes Mexico.

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