It is an oft repeated phrase that you should never mix business with pleasure. This idiom is extended to include doing business with friends and family and it is held to be as true as never talking about religion and politics with people whom you wish to remain friends. But the truth is, family businesses are alive and prospering every day in this country, and there is no reason why you and your family cant enjoy the same success. And you can do it without wanting to tear each others heads off. Here are some benefits to working with your family to create a great business.
People like to see family owned and operated businesses. The phrase Mom and Pop store came into the American lexicon due to the countrys fondness for these small businesses run by and started by families. There is something wholesome, valuable, and American about these operations, and their success is not necessarily limited to the corner grocery. After all, Wal-Mart began as a family business and it is now the most successful retailer in the world. Whether right or wrong, people automatically perceive a family owned business as being a bit more trustworthy than their corporate counterparts. They feel...
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