A Family Affair
If you’re involved or work for a family-owned or -run business, you know that can be the thrill of victory or the agony of defeat. Though a family business can offer a unique opportunity to form relationships and gain respect and rewards that a family normally couldn’t do, it can also be a nightmare if family members aren’t committed to cooperation.
If you are part of a family-owned business, consider outside help when appropriate. Outsiders can often get beyond family relationships to real truths. On a 3 × 5 card, write: “In a family-owned business, there is a time for external consultants. Is now one of those times?”
Mike Henning is probably the most respected family business consultant in the country, and ...