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I Hired My Mom

bradt.ca

51–54 of 54 posts

Re: I Hired My Mom

#51
post #35

Thanks for the comments! Bonus stories for you wonderful HN'ers: My dad started out as an auto mechanic and painter. He decided to setup his own shop with his first cousin and it was a disaster. They butted heads constantly. My dad sold his shares to his partner and moved on to other things. They tried it, it didn't work out, and so they moved on. Throughout my childhood our family was very close with my dad's first…

See this: "My mother and her brother had a dispute about money over fifteen years ago. They still do not speak today." - This is exactly what is the norm when mixing business and family and it's absolutely heart breaking. I can't imagine how you must feel. :(

Re: I Hired My Mom

#53

Earlier quoted context omitted.

The difference is, in these cases the business hierarchy usually follows the family hierarchy. In other words, parents hire kids. This is an established paradigm. Sometimes siblings hire each other as well, and that can be OK more often than not. But, that's not to say kids should hire parents. In that case, the business dynamic and family dynamic are very different. From a historical/statistical perspective this is…

Maybe at first. But after the children take over, it will be the other way around.

If the children take over, this usually means the parents are retired.

Re: I Hired My Mom

#54

Earlier quoted context omitted.

Millions of family businesses think otherwise.

The difference is, in these cases the business hierarchy usually follows the family hierarchy. In other words, parents hire kids. This is an established paradigm. Sometimes siblings hire each other as well, and that can be OK more often than not. But, that's not to say kids should hire parents. In that case, the business dynamic and family dynamic are very different. From a historical/statistical perspective this is…

Interesting. Is this also the case for siblings or other family relationships that are not parent-child? In my own experience I've seen quite a few businesses run by, say, the youngest son who essentially hired his older brother. I have no idea about the statistics on this; I'm just wondering.
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