{"id":77,"date":"2015-12-18T03:19:59","date_gmt":"2015-12-18T03:19:59","guid":{"rendered":"http:\/\/blogs.isb.edu\/centre-for-family-enterprise\/?p=77"},"modified":"2025-12-31T09:45:04","modified_gmt":"2025-12-31T09:45:04","slug":"working-together-as-a-family","status":"publish","type":"post","link":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2015\/12\/18\/working-together-as-a-family\/","title":{"rendered":"Working Together as a Family"},"content":{"rendered":"<p>Working simultaneously with multiple family members is one of the biggest challenges in family business. If not managed properly, it can be a bitter pill to swallow. However, if the environment is managed properly, it can act as a source of pride and satisfaction for the entire family. In a recent article, Rick and Jeff Platt, a father son duo, offered four suggestions that helped them manage the challenges of running the business together.<\/p>\n<ul>\n<li><b>Establish a board to manage conflicts<\/b>. This helps family members to look at problems objectively without letting emotions and pride come in the way.<\/li>\n<li><b>Play to your strengths<\/b>. Different family members bring in skills that are complimentary to one another. Knowing and respecting each other\u2019s strengths can lead to success.<\/li>\n<li><b>Don&#8217;t bring your family relationship into the office<\/b>. In order to run the business efficiently, it is important to view family members as business partners.<\/li>\n<li><b>Spend time together outside of the office<\/b>. It is essential to keep communication lines open among family members. One way to socialize, without talking shop, is sports.<\/li>\n<\/ul>\n<p><i>Source:http:\/\/www.entrepreneur.com\/article\/226984?utm_source=Social&amp;utm_medium=Sharebar&amp;utm_campaign=Sumome_share\u00a0<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Working simultaneously with multiple family members is one of the biggest challenges in family business. If not managed properly, it can be a bitter pill to swallow. However, if the environment is managed properly, it can act as a source of pride and satisfaction for the entire family. 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