Surviving in a Family Business When You’re Not Part of the Family
Play in your “room” only. We like to explain to client family and non-family members that family businesses are like a home: Different discussions should be held in different rooms. Non-family executives who survive and thrive are those who either know intuitively or learn through experience how to separate the business into the management room, the owners’ room, the family room, and the room for the board of directors. Successful non-family leaders stick to the “management room.” They understand that when it comes to the “family room,” the family has all the power; it’s never going to be a fair fight. Blood is usually thicker than water.