When you own a family business it shouldn’t matter if the staff are blood related or long time employees. Your work family is as important as your real family, some say more so.read more
A Fredo likely to be the least capable amongst siblings. So when the family patriarch coddles him and looks the other way, he will do whatever possible means to take advantage of the family business for personal gain.
Many professionals tell us a family business typically outperforms a similar business that is not family owned and operated. A key reason for this productivity difference is the attention a family gives to ensure the business is capable of being economically viable today and into the future.
Try as we might to be professional, it can often be impossible to leave personal issues at home. We are, after all, only human and when there is a rift, tragedy or serious concern on the homefront, the worries, fears and emotions surrounding that issue often follow us into the workplace.
It’s never too late to re-ratchet into good practices. This family would benefit from establishing best practices that have been absent for years.