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  • March 19, 2015
  • Article
  • Harvard Business Review (website)

Dealing with the Unique Work-Life Challenges of Family Businesses

By: Josh Baron and Rob Lachenauer
  • Format:Electronic
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Abstract

Maintaining a work-life balance in family businesses can be challenging. The extremes of being "all in" or "all out" are unproductive. The article highlights the importance of setting boundaries, separating family time from work time, using effective communication, creating healthy silos, achieving financial independence, and establishing an identity outside the family business to strike a work-life balance in such environments.

Keywords

Family Business; Work-Life Balance

Citation

Baron, Josh, and Rob Lachenauer. "Dealing with the Unique Work-Life Challenges of Family Businesses." Harvard Business Review (website) (March 19, 2015).
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About The Author

Josh Baron

Strategy
→More Publications

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More from the Authors
  • Introduction to the RC Strategy Course, Fall 2025 By: Ramon Casadesus-Masanell, Jan Rivkin, Josh Baron, John Mulliken, Ashish Nanda, Henrique Castro-Pires, Carolyn Fu and Quan Le
  • How a Company’s Ownership Model Shapes the Mistakes It Makes By: Josh Baron
  • Why Companies Thrive Or Die: Ownership and the Path to Perpetuation By: Josh Baron
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