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by Vicki Larson (Around the Watercooler - Mommy Tracked)
Forget about father-son businesses; although that’s the model still ingrained in the American psyche. Mother-daughter businesses are the new black. I have no idea how they do it; honestly, most women I know have such complicated relationships with their mothers without having to worry about ordering, restocking and bookkeeping, it’s a miracle they still talk at all.
But it seems sort of romantic to go into business with someone you love and know so well; who better than a mother, father, sibling or husband to work with? Whenever a big-box chain store threatens to move in to our neighborhood, we tend to rally around the tiny mom-and-pop store that we’ve been shopping at for years. We love mom-and-pop- run businesses — they make up more than 80 percent of the nation’s companies. And although we often see them through rose-colored glasses as the cozy diner on Main Street or the quaint B&B somewhere in Maine, many are Fortune 500 corporations.
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Recently, a graduating college senior asked me, “While my first choice is to find a job on my own, my family owns a business and they’d love for me to join them. Given the current state of the economy, should I consider joining the family business my best…
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Last year I bought my Dad a digital frame for Father’s Day and loaded it with old family photos. Since then I’ve been updating it regularly. A few weeks ago, I stumbled onto an old picture our local newspaper ran with me standing next to…
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Stress levels are on the rise. And we know that during times of pressure and stress, men isolate and women connect. In some of the saddest cases, the distress and fear of failure, layoffs and social isolation have led to heart attacks, strokes and even suicides. Literally, the financial crisis is breaking hearts, according to health.com.
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If you're like me, working in a family business, side-by-side with your spouse, it's a great time to make sure you're on the same POSITIVE page. Have a survival plan, and take action. Together. A New York Times' article, Resilient in Hard Times: Family Business, focuses on the positive power of fighting the recession as a family team. It's not easy, but it's certainly better than having to go it alone.- Let’s talk: Comment (3) | Blog
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But when it works, there's a unique reward in being part of a power couple. Before you jump into a partnership with your husband or another family member, create some clear expectations for each person's role within the company. Write them down. But even...
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