Working with family at a small or medium sized business is hardly unusual, but it often comes with complications the relatives don’t anticipate. Typically, people underestimate the pressures running a startup might put on family relationships – and if you’re not careful, it can damage both the business and the family.
My twin brother Darr, and I have been business partners for the better part of two decades. During that time, we’ve set up and guided a number of successful internet start-up ventures. By necessity, that has made us well versed in how to have a successful professional relationship with a family member. It’s not easy, but there are a few things that can help keep the personal relationship intact as you remain focused on building a successful business:
Trust is paramount – All successful business partnerships must be built on trust, regardless of whether it’s with a family member or a colleague. And as you might expect from twin brothers, Darr and I have an implicit trust in each other, and know that we can rely on the other to make decisions and act in a way that puts the business before personal feelings.
To read the full, original article click on this link: 4 ways to survive launching a startup with a family member | VentureBeat
Author:Tom Aley
