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Resolving Family Business Problems

  While some people can't fathom having their mom or dad as their boss, or working side-by-side with a sibling, others really enjoy building a successful business as a family. In fact, loyalty and trust are what make family businesses distinct and thriving in today's market. However, as you might suspect, family businesses also face unique challenges that are absent when colleagues and management aren't related. The following Top 10 list might not make you chuckle like one created by David Letterman, but it's worth reviewing if you work in a family business or are considering joining one. I believe knowledge gives you power so, here are the top 10 reasons that family businesses get derailed: Fear of conflict Avoidance behavior Undefined/non-discussed expectations Unmet expectations Sense of entitlement Differences in business philosophy Lack of predictability and consistency Lack of accountability Different rules for family and non-family employees Discrepancy in work v

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