The Family Business – Fun or dysFUNctional?
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Looking back on 2017, I found it was an interesting consulting year.

Family issues sabotaging effective business practices came at me from many directions. Let me share with you many of the family issues I observed.

  • Parents who struggle making business decisions because it may interfere with family dynamics.
  • Parents who want their children to do what is right without the proper structure.
  • Mom and dad have different agendas for the business.
  • A laissez-faire dad who won’t make the hard decisions that are best for the business vs. family issues.
  • Parents and/or children who talk about dysfunctional family relationships with other store employees.
  • Relatives spreading rumors about other relatives working in the dealership.
  • Children who are placed into leadership positions without being properly prepared and make major leadership faux pas when working with people.
  • Lack of an exit strategy for the parents to turn the business over to the heir apparent.
  • Siblings fighting with each other and sometimes publicly.
  • In-laws sticking their noses into the business causing consternation.
  • A mom who generally wants everyone to just be happy and get along with each other.
  • Children whose personal lifestyles adversely affects the business.

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Western Equipment Dealer Magazine Spring 2018 Issue
By Larry Cole PhD

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