- Clearly define the goals of the company and make sure everyone is on the same page.
- Outline each family employee’s role and responsibilities and hold them accountable.
- Keep an open line of communication at all times.
- Address all concerns quickly and in a non-emotional manner.
- Create a fair promotion and salary system that is based on individual merit and ability.
- Take a management course to learn how to separate your emotions from the management process.
- Provide opportunities for advancement in your business for non-family employees.
- Be prepared and create a succession plan to ensure your business lives on after you are gone.
Audio Segment 2: Merle Schneider
Audio Segment 3: Merle Schneider