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Maturity is learning to accept responsibility for our own life!

Family Business as a Job

Would you like to work in a business run by one of your family members? Why or why not?


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Hi Marilyn.  I have worked in a family business (in fact, we started it up together, including with an in-law) and am familiar with many of the thrills and curses of working with family.  It almost broke the family down (not just the two of us in the business but all the other siblings and parents and kids got involved as the drama in the company unfolded) but in the end, because our family is more functional than dysfunctional to begin with, we are all stronger for the experience now.

It's way too long a saga for me to type (I stink at typing) but suffice to say that we two brothers who were the principals at the start-up had differences in experience, expertise, work/management/interpersonal style, disclosure levels and vision that all that conflict overwhelmed our personal realtionship such that we had to showdown in business to sort it out.  I lost, at least in the near-term, by the way but live to tell about it.  In fact, I now work with him on a consulting/fee basis as he undertakes his next start-up now -- this arrangement works much better.

I'd be happy to share more of my experience and perspective if you'd like to ask.

Best,

Mark

Posted 2008-06-25T23:43:46Z
NYCMark was invited by Yedda to answer this question.

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"LEARNING is fundamental!"

God, Country, Self..in that order.

VISION, Change and Education=PROGRESS

Dear MarilynBB,

I prefer not to work in the same business as my relatives.  Most people spend more time with people at work, than their own families.  Because we spend so much time with people at work, sometimes those people irritate us and most of us do not want to spend all of our free time with those same people.

We value and enjoy being with family on our time off, since that is away from work!

 
28 helpful answers

I can't think of a b etter way to ruin a family.

 
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I've done it and to say the least, almost wound up in divorce court.  I would never do it again for any amount of money.  In fact, I quit and took a job making less money and perks.

 

No, because in many cases, personal relationships have been put to the test and some have been ruined because of business-related or finance-related issues. For this reason, it is not recommended to turn to friends or relatives for financial support.

Homebased Business: The Common Mistakes To Avoid

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