How To Run Family Business

People are currently reading this guide.

You, Me, and the Family Business: A Hilarious How-To Guide (Because Therapy is Expensive)

Ah, the family business. A glorious tapestry woven with threads of shared history, unrelenting pressure to succeed, and the occasional flying meatball during heated board meetings (not recommended, Fogliani's Marinara stains like nobody's business).

If you're inheriting the family empire or finding yourself shoulder-deep in grandma's button factory, fear not! This guide will equip you with the knowledge (and coping mechanisms) to navigate the delightful chaos of a family-run business.

Communication: The Key to Not Strangling Your Sibling (Figuratively)

Let's face it, families are like those wonky office chairs - comfortable and familiar, but guaranteed to trigger a primal urge to throw something at some point. Clear communication is your best friend.

  • Formalize those Friday night "business dinners": Instead of Aunt Mildred critiquing your life choices over burnt casserole, establish a designated time for discussing work. This way, you can air grievances in a semi-controlled environment (key word: semi). Pro tip: Invest in good soundproofing!

  • Embrace the power of email (and save your sanity): Sometimes, emotions run high. Avoid knee-jerk reactions by putting your thoughts in writing. This allows for a calmer response and a hilarious paper trail for future blackmail...er... I mean, reference.

Roles and Responsibilities: Uncle Phil Isn't Exactly Marketing Material (Bless His Heart)

Not everyone is cut out to be CEO (looking at you, Uncle Phil with the questionable fashion sense). Define clear roles and responsibilities based on skills, not just blood ties.

  • Skills tests are your friend: Just because your cousin Cheryl can crochet a life-sized replica of the Mona Lisa doesn't mean she's social media savvy.

  • Embrace the outsider: Don't be afraid to bring in talent from outside the family. A fresh perspective can work wonders, especially if they can explain basic accounting principles to Grandpa (who still thinks bartering is a viable business strategy).

Remember: It's a Business, Not a Therapy Session

Family squabbles are inevitable, but don't let them bleed into the workplace.

  • Leave the guilt trips at home: "But honey, your grandfather built this business from the ground up with nothing but a dream and a shoebox full of buttons!" While impressive, it shouldn't be used as a weaponized negotiation tactic.

  • Celebrate wins together (and commiserate over losses with copious amounts of pizza): Building a business is a team effort. Acknowledge achievements and support each other through the inevitable setbacks. Just avoid bringing up that time Uncle Phil accidentally dyed the entire button shipment hot pink (it was a learning experience... for everyone).

The Final Takeaway: Laughter is the Best Medicine (Especially After a Family Meeting)

Running a family business is a wild ride. There will be bumps, disagreements, and moments where you question your sanity. But remember, you're in it together. Embrace the absurdity, cultivate a sense of humor, and maybe invest in a good therapist (just in case). After all, laughter is the best medicine, especially after a particularly explosive family meeting about the new button-themed office decor.

1133240414100204966

hows.tech

You have our undying gratitude for your visit!