Article

The Power of Gratitude in Your Family Business

Carman F. Young Family Business

Gratitude at work: a valuable asset

Gratitude has no bounds; it can be practiced in someone’s personal life, in the classroom, and even in the workplace. Integrating gratitude and praise into a business culture can have many benefits such as creating a positive environment and strengthening relationships among team members.


While some people naturally have a spirit of gratitude, many of us must practice the art of sharing thanks on a daily basis. What if you incorporated the practice of gratitude in the workspace? In a family business, incorporating the practice of gratitude begins with modeling from the top, routinely acknowledging among one another, and, ultimately, enjoying the benefits.

Model gratitude from leadership

Like most new concepts, start from the top. Leaders within the company should consistently express appreciation, setting the tone for a culture of gratitude. It is important to personalize the acknowledgments, too. Be intentional when sharing praise and highlight specific efforts or achievements.

Routine acknowledgement

Incorporate gratitude into your day-to-day work life. At your next meeting, list “gratitude” as a running agenda item and allow teammates time to share. At first there might be hesitation to share openly, but you might be amazed once employees find freedom in sharing gratitude regularly. This routine will create a system in which team members acknowledge each other’s contributions and will promote a culture of mutual appreciation among everyone. If you work directly with clients, share gratitude with them, too.

What are the benfits of gratitude?

There are many benefits of practicing gratitude, especially in the workplace. Being grateful makes everyone feel better. Sharing gratitude improves well-being, reduces stress, builds patience and resilience–-all things we want for our employees and team members. By thanking others, team members acknowledge the positive impact others have on their work and lives. Of course, expressing appreciation lifts the spirits of those receiving the praise, too!

The power of gratitude

Try it! Build the practice of gratitude into your company’s mission and values. Your team and clients will notice the change gratitude plays in big decisions and daily interactions. The practice might take time but has the power to create a cohesive, motivated, and appreciative work environment for all.

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