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Run Your Business, Don't Let It Run You by Clay Mathile

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CHAPTER 10THE BUSINESS OF THE FAMILY

I believe it is imperative to invest as much care in the business of the family as you do in the family business. What does that mean? I think it means acknowledging that your business has an impact on your family and purposefully managing that impact, proactively determining how the family will be involved. In this chapter, we will look at some of the more common issues.

Living Professional Management at Home

When you put your capital at risk to grow your business, your family has a stake in that risk, too. Everyone will be affected by long workdays or time spent away, by worries and accomplishments, by all the changes that growth brings. In their own way, whether or not they are employees of your business, ...

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