November 6, 2017
Article
Harvard Business Review (website)

The Common Traps of Working in Your Family's Business

Format:Electronic

Abstract

When your family’s name is on the door, you will never just be one of the gang — and everything you do could be fodder for the office rumor mill. Your actions are amplified because of your status in the company, and even seemingly small gestures can unintentionally generate ill will. It’s important to avoid the common traps that family business members fall into. First, make clear that you’re working at the company because you are passionate about the products or services, not because you have nowhere else to go. Second, don’t expect to join the company at a level that’s above your qualifications. Start at the bottom and work your way to the top. Third, always play by the rules, and don’t take advantage of your access to senior members of the firm. Fourth, keep family dynamics out of the office. Make sure you always set a professional tone.