{"id":804,"date":"2018-04-16T08:43:03","date_gmt":"2018-04-16T08:43:03","guid":{"rendered":"http:\/\/blogs.isb.edu\/centre-for-family-enterprise\/?p=804"},"modified":"2025-12-31T09:39:06","modified_gmt":"2025-12-31T09:39:06","slug":"how-to-start-a-family-business","status":"publish","type":"post","link":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2018\/04\/16\/how-to-start-a-family-business\/","title":{"rendered":"How to Start a Family Business"},"content":{"rendered":"<p>In order to enjoy working together, you have to not only like each other but also find a common purpose or passion. Even though you\u2019re running a business together now, it\u2019s critical to always put family first.<\/p>\n<p>Mena, Iyana, and Shantee Wright are sisters who together own and operate Wright Productions, a high-end event production, event design and brand management firm headquartered in Los Angeles.<\/p>\n<p>The Wright sisters view working with their siblings as a definite blessing. \u201cWe are extremely close, so close that people sometimes refer to us as triplets,\u201d Mena Wright says. Both Iyana and Shantee Wright spoke about the level of trust that they have with each other, which is unwavering. The sisters know they are going to always look out for each other\u2019s best interests no matter what.<\/p>\n<p>While there are challenges, and the sibling relationship can prove \u201cexhausting to manage\u201d at times, all three sisters feel that the pros definitely outweigh the cons, and they wouldn\u2019t want to be in business with anyone else.<\/p>\n<p>In order to enjoy working together, you have to not only like each other but also find a common purpose or passion. Starting a company is collaborative. Be sure that the business you start is one that everyone involved feels excited about. Otherwise, it won\u2019t work.<\/p>\n<p>As the CEO of Wright Productions, Mena, the eldest sister, oversees the company\u2019s vision and mission. She says she always knew her purpose: To help people solve their problems. She just wasn\u2019t exactly sure how to go about that. Starting a family business gave Mena the freedom to \u201chelp people in a very unique way \u2013 by essentially bringing them into our family.\u201d<\/p>\n<p>Iyana, the COO and middle sister, feels her life purpose changes over time, but the common thread is her desire to uplift and inspire others. Also, like Mena, she feels her life purpose is to build a family empire with her sisters.<\/p>\n<p>Shantee, the CCO and youngest sibling, says that she stumbled into her life purpose. Growing up, she didn\u2019t know what she wanted to do, but she was inspired by her two older sisters. Building a family business is now a definite part of her life purpose.<\/p>\n<p>Source: Fox, MeiMei., April 10, 2018;\u00a0 https:\/\/www.forbes.com\/sites\/meimeifox\/2018\/04\/10\/how-to-start-a-family-business-4-tips-from-3-sisters-who-work-together\/#155634562a2f<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In order to enjoy working together, you have to not only like each other but also find a common purpose or passion. Even though you\u2019re running a business together now, it\u2019s critical to always put family first. Mena, Iyana, and Shantee Wright are sisters who together own and operate Wright Productions, a high-end event production, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Start a Family Business - Thomas Schmidheiny Centre for Family Enterprise<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2018\/04\/16\/how-to-start-a-family-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Start a Family Business - Thomas Schmidheiny Centre for Family Enterprise\" \/>\n<meta property=\"og:description\" content=\"In order to enjoy working together, you have to not only like each other but also find a common purpose or passion. 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