A Family or a Business or the Combined View?

Some family-business owners look at their business through a lens where they see themselves offering a job to any member of the family. Others see through a lens that focuses primarily on the needs of the business.

The first view may be supportive of family relationships–but I venture to say that it may not provide the healthiest outlook for family members in the end. The second may benefit the business but may kill the family along the way.

A combined view is needed. One that takes in the responsible support of family members and includes a vision for professionalizing the business. The resulting scene shows generations of continuing strong leadership supporting a prosperous business and a prosperous family.

One means of developing this combined view is by way of your family. Begin by fostering a sense of responsibility in your young children. My friend and colleague Jeff Savlov illustrates this idea as teaching the next generation to put the sippy-cup on the counter when done with it.