The pros and cons of working with family
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Two professors break down how to navigate the benefits and challenges of working with family members.
Working with family members in a business setting is a unique experience that brings both opportunities and challenges. Entrepreneurial families—those engaged in creating and managing businesses over generations—often rely on the strength of family ties to create long-lasting ventures. However, combining family and business dynamics introduces complexities that need to be managed in order to avoid heaven becoming hell.