subject: When Is A Business Coach Not A Business Coach Really [print this page] Every single business will have their challenges. However, owning a family business means that you will have to deal with unique threats to your business that other business owners do not have to deal with. There are three specific problems that you will likely have to deal with since you own a family business.
Family Feuding
Family feuds can become more serious than you can imagine if these feuds involve your family business. You will likely be faced with a lot of internal conflict. Family feuding can destroy your business and your family if you let it happen. It often comes from the failure to separate your business life from your personal life.
Family feuding can happen if a persons personal rivalries can affect the work environment. It can also happen if you let personal egos affect the business environment. It is important to stop the feuding before the business becomes destroyed. If you do not stop the fighting, it may be impossible for you to work towards y our business goals. In addition, it can create a hostile work environment. Hiring a business coach can help you separate business from family.
Letting Your Emotions Run the Business
Unfortunately, it can get pretty hard for you to separate your personal life from your business life. This is especially the case when you are running a family business. Family businesses will always be personal. You will have to worry about hurting a family members feelings, which can in turn cause a family feud. Separating your emotions while you are running your business is definitely not easy. This is especially the case when you have employees who are members of your family.
If you let your emotions and your family ties run the business, you will appear fragile to your customers and employees. In addition, your ability to make smart business decisions will be impaired. However, if you are not sensitive to your family member employees, you may cause problems within the business and at home. It is important for you to find the perfect balance between family member and business owner. This should be based on the dynamics of your business environment. It should also be based on your unique situation. A business coach can teach you how to deal with your family and your business the right way.
Losing Non-Family Employees
It is often hard for a family business to keep employees who are not a part of the family.
He or she may leave because your business has limited growth opportunities. Most employees want to have the chance to advance within a company. However, most family businesses only offer limited advancement chances. Most leadership positions within your family business will often be occupied by family. This means that other employees do not get the chance they want even if they are qualified to do so. They may move on to other jobs with better chances.
They may also leave due to family conflict and a tense work environment.
