
How to Deal With the Downside of Running a Family Business
There’s something really awesome about successful family businesses. The public loves them, and when they work, they work well. But working with family can turn nasty too, and knowing how to deal with the downside may help you to pull through times that will be difficult from both a personal and professional perspective. Going into business with family? Arm yourself with coping tips, hope for the best, and be ready for the worst.
Family Units Can Dissolve: Be Prepared
When you first venture into business with family members, you’re filled with idealism. You’re confident that you can weather any storm - and it is to be hoped that you’ll do just that. But family units can dissolve, and the pressure of running a business together could even trigger that. If you’re going into bus...