Family BusinessLEARNING TO WORK WELL WITH THE PEOPLE YOU CARE ABOUT THE MOST
“Family quarrels are bitter things. They don’t go according to any rules. They’re not like aches or wounds, they’re more like splits in the skin that won’t heal because there’s not enough material.” F. Scott Fitzgerald
Family businesses are probably the oldest form of human enterprise and almost certainly the earliest source of human strife. The family is an immediate and ready made unit for collaboration. The pre-existing bonds of trust, integrity, common purpose and loyalty should ensure that, all else being equal, the business has a competitive advantage over others while the members enjoy the benefits of working for and with people they really care about more deeply than is common in the workplace in general.
Families who work together experience unique pressures in their relationships and businesses. Issues of authority and accountability can be more difficult to manage, particularly because of the deeply vested interests in the relationships and the cohesion of the family unit as a whole. Legacy issues and succession planning may set up destructive dynamics in your business if they’re not carefully considered and managed.
We work with you to formulate plans that are good for the business and the relationships of your family members and we work with you to implement them and manage the interpersonal dynamics that can threaten your peace of mind and the profitability and sustainability of your enterprise.