Are Your Kids Wrecking Your Business? You've welcomed your kids into the family business--and you're ready to pull your hair out. Now what?
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Teresa Craig knew something had to change in her business. Although she'd brought in her sons, Sebastian and Michael Grasso, 33 and 34, respectively, to help develop the company, their working relationship was so bad, it was affecting the business.
Craig had been in the field of vocational rehabilitation for more than a decade before starting Windham Injury Management Group in Windham, New Hampshire, in 1989. Sebastian joined the company immediately after graduating from college in 1990, and she trained him in sales and vocational rehab. Her older son, Michael, came on board five years later after he'd received a master's degree in ergonomics--an educational achievement Craig thought would be a useful addition to her son's engineering degree.
But the mother and sons' business relationship was a lot like their personal relationship--explosive. "We argued about everything," Craig says. "My expectations of them were very high. They felt they were unrealistically high."