Really? Trapped??
“While
running a business every day with family members can be rewarding, it can also
be fraught with unique stresses and ambiguous roles that non-family employees
and leaders never face,” says Michael A. Klein, PsyD. “Relatively little
attention has been paid so far to the common mismatch between individual
interests, needs and abilities and a person’s role in their family business.
For some individuals, working in a family
business can be an incredible gift.
For others, the family business is a prison, without any chance of
parole. For those who are feeling
trapped in the family business, ownership of the business is more burden than
pleasure. The freedom that their
family business allows is overshadowed by a lack of business process and clear structure. Having their name on the door is not
worth being “on call” 24/7, or never being able to really take a vacation.
Sometimes it is easy to know that we are
trapped…we feel it. However, other
times…
He
compares the situation to arranged marriages: “When parents decide or pressure
their children, consciously or unconsciously, into working in the family
business, it's the same as telling them who they must marry—these decisions
might be best for the family, but are rarely made, if ever, in the best
interest of the individual.”
Read Dr. Klein’s White Paper and join The Network of Family
Businesses for a virtual educational Webinar on Thursday, February
21st, 2013 at 02:30 PM EST, with Dr. Michael A. Klein.
Michael Klein, PsyD. is a business consultant and
author of the book Trapped in the Family Business®. He holds
a doctorate in psychology. Michael
works as a consultant, facilitator, and speaker for family businesses and their
advisors providing assistance in the hiring and development of leaders,
managers, and employees. He has over 15 years of experience working in
industries including manufacturing, insurance, healthcare, construction, financial
services, education, pharmaceuticals, real estate, and entertainment. Michael
is member of the American Psychological Association (APA) and the Society for
Industrial and Organizational Psychology (SIOP). More information is available
at: mkinsights.com and trappedinthefamilybusiness.com.
Registration to join The Network of Family
Businesses and be eligible for the On-Line Educational Seminar is available at:
http://www.netfamilybusiness.com
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