Family Business-Oh Boy!

 

For many business owners, the first people they hire are individuals that they love and trust the most. They may be brothers, sisters, childhood friends, or their parents.  Typically, most do this because they want to share success with their loved ones.

 

However, sometimes the warmth that was intended with the feeling of a family office, ends up easily creating all of the drama of an episode of “Jersey Shore”. Since many entrepreneurs hire a family member at some point, the vast majority all seem to struggle with these types of issues:

  1. My brother thinks the rules are for other employees.

  2. Petty Cash is not there so my sister-in-law can get her nails done.

  3. They think you are “Bank of America” and they deserve a raise or loan.

  4. “I didn’t think I had to tell you that, we have known each other since we were kids”.

 

Family and friends can be your greatest asset or biggest pain. If you want to discuss some tips and techniques on how to cope, please let us know.

 

Rick Maher

CEO

Turning Point HCM

TurningPointHCM.com

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Turning Point Human Capital Management

Office: 631 213 2008

Location: 1980 NY-112, Suite 1, Coram, NY 11727

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