Running a Family Business? Here’s a Tip

Running a Family Business? Here’s a Tip

The real estate industry abounds in Family businesses, particularly husband and wife teams, and it is one of the enjoyable aspects of the industry for employees to work closely with the owner operators but beware of forgetting that employees are not family members.

Familiarity and time can blur the lines for owners when speaking to their staff, especially when providing instructions to employees for particular tasks. So here is a list for family business owners to work towards.

1. Agree on your roles.
2. Have formal meetings together in a closed room, and sign off on plans, agreeing; what is to be done and, who communicates it to the employees, ideally it should be written down.
3. The chosen owner should inform the relevant employees of the strategy and be clear.
4. The other family owner should remain out of the discussion and agree with the written or spoken instructions of the chosen owner.
5. Review the success or failure of each decision in private

The following list of don’ts can make employees feel awkward or uncomfortable

1. Arguing about the decision made, and saying it was wrong of the other family member to instruct the employee the way they were.
2. Confiding in the employee that you cannot express how exhausting it is dealing with business matters.
3. Being unpredictable in your decision making, which can cause employees to be confused.
4. Bringing other family matters into the conversation unnecessarily.

In short you have to get your communication right and remember to be clear when you are making business decisions, and when you are making family ones. Employees thrive in an environment of great leadership, they wilt in the face of division, they certainly don’t want to feel they have to pick sides.

About the author

Chris Mercer Chris Mercer CA is the founder of Live Real Estate Accounts who previously headed up the business improvement team for the Ray White Real Estate Group. Chris is considered one of the industry leading financial experts and thought leader on financial matters in real estate. You can connect with him on or on LinkedIn.

Chris Mercer

About Chris Mercer

Chris Mercer CA is the founder of Live Real Estate Accounts who previously headed up the business improvement team for the Ray White Real Estate Group. Chris is considered one of the industry leading financial experts and thought leader on financial matters in real estate. You can connect with him on or on LinkedIn.


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