Is it Possible to Keep Everyone Happy and Productive in a Family-Owned Business?

With Paul S. Reback

Recognizing the vital role Family-Owned Businesses play in America's Financial health, a mistake that even the most successful family enterprises make is that they get stuck doing things the same way even when circumstances necessitate change. Another problem is that the company’s hierarchy typically reflects the family’s pecking order at work in the same way it does at home. For instance, whoever is seen as the head of the household also wants to tell everyone else what to do at the office. Ditto when it comes to how the bully brother, the passive aggressive sister, or the perennially insecure middle child interacts in the workplace.

While every story is different, the fighting and feuding that often results tends to revolve around one of two things: money and personalities. Regardless of the scenario, these conflicts, if left unresolved, can blossom into full-blown warfare in the business setting.

There are five areas that are among some of the most common problems affecting family businesses today. The better you understand them, the better you will be able to use them to your advantage.

Paul S. Reback, President of Capital Estate Advisors, Inc. is a Registered Investment

Advisor with over 30 years’ experience successfully serving clients in the financial services industry. He received his designation as a Certified Financial Planner from Adelphi University. He has been a guest lecturer at the American Institute of Certified Public Accountants and teaches continuing professional education courses for CPAs. Paul has appeared on various radio and television talk shows, including Bloomberg Television, speaking on finance, investment and estate and retirement planning. He has also given many public talks and seminars with attorneys, stress management experts and numerous other client advisors. He is a dynamic and entertaining speaker adept at making complex financial choices easily understandable.  He enjoys helping people make sure they meet their goals and that they will never outlive their money. 

Join The Network of Family Businesses for this in-depth Webinar on Thursday, March 26, 2015 at 11:00 AM Eastern Time, with Paul S. Reback.

                                                      For additional information email: steve@netfamilybusiness.com