Friday, June 16, 2017

The Family Operation

I have a lot of clients who come to see me because of problems arise when family members work together in businesses or farming operations. This is an area that I can relate to as I have three children, all of whom have been involved in my private practice over the years.

Here are some of the areas that might cause concern:

1. Defining leadership - Sometimes there is competition regarding who is going to be "the boss", especially when siblings are involved. A parent who has established the business might be hoping that s/he can semi-retire or retire. Even if members of next generation have the ability to continue the work, there isn't any guarantee that it will flourish - especially if the parties involved are not working as a team. Your job is to mentor and direct those involved until the ones who are taking over can assume all the tasks involved with efficiency and mutual respect.