Over the years, we have been involved in many small businesses made up of family members. One of the key components to make a family business run smoothly is to recognize that relationships exist and should not be intertwined with the day-to-day business operations. There are companies where you have employees with relationships that exist between parent and child, siblings, in-laws or spouses. Whatever family relationships or challenges you have outside the company, you need to make sure they don’t come into the day-to-day interactions or discussions with the business.
Small business can be emotional. This isn’t a good or bad thing. It’s just a thing. It can be a great thing if you can get your team emotionally connected to the business where they start to take ownership of their decisions and activities.