More From Patricia Schiff Estess
Energy consulting services; hiring your parents
Let's face it: Not every family member is cut out to be on your board of directors.
Philanthropy could help your family as much as it benefits others.
Women are taking over the family business; their initiative is the key.
Is it time for the family and the business to go their separate ways?
When nonfamily employees talk, listen.
You need to vent--but bringing too much home from the office can spark resentment.
When your parents are ready to leave the family business, be there to help them.
Are you gifting stock to the younger generation for the right reasons?
If the family business is seeping its way into every off-hours conversation, it's time to draw the line on shop talk.
Every relative seems to want a piece of the family business pie--don't let your business be a casualty of these shareholding squables.
Don't let sparring egos tear the family business apart.
Working together can get complicated when two or more families run a single business.
Are you next in line to own the family business? Don't go it alone--peer groups can help.
Promise to love, honor and cherish your business--even if you share it with your ex-spouse.