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I Hired My Mom

bradt.ca

21–30 of 54 posts

Re: I Hired My Mom

#21

I disagree: You caught a lucky break here, but you are the exception, not the standard. Family/friends and money don't mix well. They will always ruin the relationship. I've seen it countless times.

I think you know your family and friends better than anyone else. He's not the exception, he just knew enough to trust his mom.

Re: I Hired My Mom

#22
"I can’t think of a single reason you should be doing this yourself."

followed by

"But how do you outsource something as sensitive as financials?"

Sounds like a single reason.

Re: I Hired My Mom

#23

this was very touching to read and it's encouraged me to do the same. I don't have a wife or a fiance but I would never entrust them with this kind of sensitive material because there's a real risk of relationships souring. With family it's easier to deal with and it's easier to communicate instead of trying to bury things in order to not ruin a marriage. "Hey Ma, need you to stop hiding grocery purchases under compa…

Here's a pro-tip. When you're finding a wife or a fiancé -- find one with integrity. I'm not sure I'd want to stay married to someone who could come out with that.

Re: I Hired My Mom

#24

I disagree: You caught a lucky break here, but you are the exception, not the standard. Family/friends and money don't mix well. They will always ruin the relationship. I've seen it countless times.

I think most mothers are okay to handle son's financial wealth, as long as they are not out of skills.

But I agree with you, this post is just a unique case.

Re: I Hired My Mom

#25

Well, currently both my mom and dad are working with/for my company. My mom manages the full book-keeping of the company). My father, because of the general economical situation in Italy, was left jobless. So, as soon a position opened at my company i simply proposed him to join. He is the warehouse manager now. The thing in working with parents, in case they eventually are accountant, is that they can access all the…

How do you deal with payscale?? Do you decide just some market rate or do you decide how much worth is their work? Doesn't it complicate when you have a business partner?

Re: I Hired My Mom

#27
post #14

I hope it works out. My personal rule to live by: Never hire someone you can't fire.

+1 to this. What if you need to fire your parent or spouse? Sure you might feel like you can do it, but for a whole lot of people the power dynamics and differentiating a personal relationship and professional one is tricky. I mean, I wouldn't write a blog post recommending this.

Couple quick scenarios come to mind:

"Why are you firing me?" "I need someone more qualified. You've done good work, It's not personal." "But I'm your mother. I changed your diapers and taught you right from wrong." ...

"Mom, my business failed. I have no money." "Well, you should have thought of that when you fired me." ...

Re: I Hired My Mom

#28

I disagree: You caught a lucky break here, but you are the exception, not the standard. Family/friends and money don't mix well. They will always ruin the relationship. I've seen it countless times.

Millions of family businesses think otherwise.

Re: I Hired My Mom

#29

Well, currently both my mom and dad are working with/for my company. My mom manages the full book-keeping of the company). My father, because of the general economical situation in Italy, was left jobless. So, as soon a position opened at my company i simply proposed him to join. He is the warehouse manager now. The thing in working with parents, in case they eventually are accountant, is that they can access all the…

"Dad, let's have a chat in my office" "What's up son?" "Nothing dad just need you to come in here real quick" "..." "It's about your career, I'm letting you go dad" "You were an accident." "Nooooooooooo!"

"Wow, I didn't think either of us could say anything to make this easier. Thanks dad."

Re: I Hired My Mom

#30

I disagree: You caught a lucky break here, but you are the exception, not the standard. Family/friends and money don't mix well. They will always ruin the relationship. I've seen it countless times.

There's various degrees of mixing family/money or in other words "doing business with family. Quitting your jobs, and taking out a loan to open a Tim Hortons (showing my Canadianism here) franchise together is a lot different than a retired mother doing some accounting for her son to make a bit of extra money. The latter seems fairly low risk.
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