Challenging conversations. Approaching a difficult situation within a family business can be challenging. Underlying tensions, which often lead to less than honest conversations, are often caused by childhood rivalries. Sibling rivalries, generational differences or power struggles can be simmering beneath the surface just waiting to emerge when a small issue arises. But there are ways to handle these challenges.
We all know that well-worn cliché, ‘honesty is the best policy’. We also know that it’s far easier said than done.
How can family members when working together in business, have open and honest conversations with one another?