Wilson Cole's Podcast From The Road

In case you did not know, we are a family business. Our family members are involved in a variety of positions throughout the company. Some people are hesitant to work with their relatives because we all have heard the horror stories of Thanksgiving or Christmas being ruined by fights. So, we asked our family. “What do you think is the biggest pitfall, or mistake, that family businesses make?” The most important issue that comes to mind is navigating different personalities. There is always danger when two people share too much or too little in common; this can lead to butting heads and explosive arguments that have the potential to break you apart. Anytime you work with family there is an intense learning curve on how to work together and prevent any personal drama from affecting the business. The solution: setting boundaries. Our number one rule is there has to be a switch to turn off the shop talk when we meet outside of the office. This can be a hard rule to follow because we, admittedly, are workaholics,