Forum Discussion
First question should be - do the kids even want to be involved in the family business? A lot of wives/partners/significant others and yes, kids - get dragged into business they don't really want to be in. Not sure if I'm reading this wrong, but the comment around "get them to step up" sounds like they don't want to - or they would have already done it, right?
Family is difficult, and when you add business to the mix it only multiplies the issues. Clarity is key - the same as any employee. You need to clearly define roles and responsibility, and be clear on what happens if they no longer want to be involved.
What help do you need as far as decision making within the business? Ultimately there's only one CEO, and they're responsible for final decisions. Maybe there's confusion around who has that role right now? Or there's a lack of ability? If that's the case, are the kids the best ones to help? Or is good business coaching needed to help bring clarity and a clear roadmap to the future of the business?
- dandalabor10 days agoContributor 3
Great questions to think about when involving children or family members!