Family Owned Business
Family owned businesses can be very tricky. They have an element that does not exist within non-family owned businesses and that is RELATIVES and family togetherness. When in business with relatives, it may be difficult to keep the emotions out of the business but no one said it was easy to go into business, especially with relatives. Int he beginning it may sound like paradise. As the business progress, then issues may pop up:
- Who does what?
- Who gets paid what and why?
- How will it work during family events and activities?
- Who gets the bigger house/ auto and why?
This lesson addresses many of these issues