Whether you’ve hired family members in the past or if it’s your first time considering it, the decision to hire a family member can be a huge one.
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As we turn the final corner of 2017, many family-owned businesses are preparing to become more profitable in 2018. When I took the helm of our third-generation family business several years ago, I was eager to boost our profitability. But what I found was that there are a lot of profit-eaters in a family-owned business. And they can be very difficult to get rid of without a robust and objective operating system in place.
Want to have a more profitable family-owned business in 2018? Watch out for these profit-eaters!
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No body talks about the elephant in the room. It’s too uncomfortable. The boss goes ballistic if you mention that subject to her.
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