The parents in a family business usually encourage their children to join the family business at an early age. The pitch to join the business can be as active as a full court press or as passive as a passing mention. When they finally decide to join, the parents are usually thrilled that their children are following them in their footsteps.
But what happens when you don’t want them to join? More…
DO YOU EVER catch yourself saying, “why change, we’ve always done it this way” or “I mentioned that idea before, but no one listened” and “I wish we could do this, but it would hurt his feelings?” As small businesses, we have a unique ability to make clear- cut decisions and not get caught up in the bureaucracy. Unfortunately, this same advantage also goes against us, when we are faced with growing the business and making critical decisions. Everything works well when we are in agreement with each other about the strategic direction of the business. But when we are not on the same page, we get bogged down making decisions and deciding on the direction of the business, because our personal feelings often get in the way and impede us. More…
