Comments on: Why Family And Business Don’t Mix

By: Gear Knobs

Gear Knobs — Mon, 24 Jan 2011 22:48:26 +0000

–; I am very thankful to this topic because it really gives up to date information ;~”

By: admin

admin — Tue, 26 Jan 2010 16:02:47 +0000

Thanks for the post Mr Dunn, being a Dad is definitely the most important gig on the books. Not sure where the Baldwins and the Cohen brothers etc fit in with the family business analogy but your comments and insights are appreciated.

By: admin

admin — Tue, 26 Jan 2010 15:59:35 +0000

Very true Lorraine, thanks for pointing out the contact team sport analogy. Very relevant. The fact that you’re aware of the challenges and handle them well says a lot about you and your career speaks for itself. Continued success in all you do!

By: Dan Dunn

Dan Dunn — Sat, 23 Jan 2010 15:31:04 +0000

I disagree with most of this. Family can work in business very well. Depends on the family. I have professionals in key positions, but would not overlook a family member for a key position if they have the qualifications. You can get screwed over very badly by people who want to use you and have no use for you after you are done. There are many family teams that have gone on to enormous success. The Cohen Brothers, The Disney Brothers, Burns and Allen, The Baldwins, Billy Ray and Miley Cyrus. The list goes on. Then there are friends, Jerry Seinfeld and Larry David, The Beatles, Steely Dan, Many acts are friends and family. And each situation is different. I would trade the years on the road with my Son and my Wife for anything. it has kept my home life together while I was an absentee Dad.

By: Lorraine

Lorraine — Fri, 22 Jan 2010 05:05:51 +0000

I believe I’m in one of those rare, successful friend/family/business partnerships. While it has worked for us (and it has been work!), we definitely recognize the pitfalls of the balancing act of business and personal relationships. Clearly identifying these challenges is probably half the battle. Approach the business side of things like a full contact team sport…what happens on the ice stays on the ice…even if someone occasionally takes a hard hit in the heat of the moment.

By: Eran - The Quarterlife Quest

Eran - The Quarterlife Quest — Thu, 21 Jan 2010 22:30:16 +0000

Great post, Kahlil!