There’s no more potent and explosive #familyconflict than the conflict that involves the in-laws in the family business! The in-laws usually don’t own any of the legal stock in the business but many times they own the even more important– emotional stock! When I was young and climbing my way up the ladder at Walsh […]
Families need to educate the extended family on the need for conflict in the family business
Conflict is inevitable in every successful business. There are always competing priorities, limited resources and tough decisions to be made. Successful family business families communicate this reality to the extended family so as to head off the disappointment before it even happens. Tough decisions need to be made for the family business to be successful […]
Good example of how conflict is good for the family business
I found out early in my family business career that conflict was inherent in the family business experience. I was a young salesman working at Walsh Bros when Uncle Walsh called me into his office and informed me he was splitting my sales territory! I was crushed! I couldn’t imagine why he was making a […]
