friends

Leading in a Business of Family and Friends

If you have never worked with friends and family, either at a conventional job or in your own business, you might imagine it to be one of two things, depending on your relationship to your kith and kin. If you have a great relationship, it can be so much more fun and rewarding than working with strangers, and if you have a so-so relationship, it can be more difficult than working with strangers. But if you have a bad relationship, it can be a catastrophic nightmare that you feel you will never escape from unscathed! That last reason is why you have heard so many people probably tell you, “Never go into business with your family/friends!” Of course, at The Ghannad Group, we did just that and things have worked wonderfully. As such, I’d like to present a few tips for those thinking of doing the same, in hopes that their experience will be just as rewarding as ours. (And just as a side note, I will be focusing more on working with family than friends, but most of this advice is applicable to both situations).