Monday, November 19, 2007

Family Business Harmony & Las Vegas

I've just happened upon an article about family and business posted by Loyd Rawls on Expert Business Source.

When combining non-employed family members (ie parents, siblings, children, in-laws and out-laws) who essentially observe the goings-on of a family business through virtual means, the lack of full perspective can be and will assuredly be volatile. While family members may have a legitimate vested interest in the business from both a financial and emotional perspective, expectations to information entitlement can significantly impact the bonds of the family unit. Moreover, to gleam any nugget of apparent wisdom through seeming success, may be a red herring to another.

It's also important to note that when having casual discussions about business over drinks with family, one must remember that nothing is ever "off the record."

Read more about Family Harmony and Las Vegas....How Are They Related?

4 comments:

sketched out said...

Thanks for stopping by my blog the other day. Finally found time to enjoy yours. I love your calligraphy cats and all sorts of great info, including your post on giclée prints. Thanks!

Jeanne Rhea said...

Rawls post is a good one---and so is yours.

I think it is easiest when the family only knows what I do for a living, but not how I do it---almost no more than the information that I would give a client. I rarely confide in any family at all as to what I do as I don't want them to feel like I am "using" them by pushing my work on them. I have also found for the most part that unless a family member loudly proclaims how much he/she likes something that I make, then it does not work to give an item as a gift. Even a family member will pay for something she absolutely loves.

EC (Lisa) Stewart said...

I agree w/you Jeanne, on many counts. I'm reluctant to give any more gifts to family members who aren't vocal to start -why saddle them with stuff they don't like? Good point on the family-client association, too.

EC (Lisa) Stewart said...

Thanks, Sketched, for stopping by and saying hello!!