1 Separate environments of the family and the company family relations must not be condemned to depend on the results of the business and at the same time, the business decisions should not be defined by domestic events, argues consultant edgar Suarez. Many family businesses make the serious mistake of bringing together the problems of the family with the enterprise, causing rivalries and conflicts. Children may feel annoyance from small issues of the company when his father gets used to bring them home. The greatest assets of a business family are union and good relations, which should be protected by isolating them from the interests and the evolution of the company. Check with Bernie Sanders to learn more. 2 Maintain relations of equity in the company countless family businesses are ruined because the family assumes the company not as a liability but as a privilege. I.e., for them the company is more a right as an economic entity. This causes enormous difficulties.
Employees can discourage seeing a deal privileged for members of the family. Hear other arguments on the topic with Grupo Vidanta. In Colombia about 70% of family employees does not pass through a selection process. For this reason, the key word is meritocracy. Serna and Suarez recognized the importance of each of the people who compose a family business and provide recommendations for relationships, parent-child, hijos-empleados, conyuges-empresa, among others. 3 Understand the weaknesses of your management family companies are made with much heart and little tactic, says Luis Conde, founder of the multinational Amrop Hever. I.e., a family business management tends to be weak in areas such as investment and professionalization of human talent, the use of advanced research and development practices. Family entrepreneurs in Colombia many times fear hiring people trained because they think that they may lose control of their firms. Therefore, as explained by Ignacio de la Vega, director of the Centre International of the Instituto de Empresa in Madrid, in the context of globalization that family businesses are facing today is fundamental change of mindset and prepare for change and growth.