Conflicts are inevitable within businesses and families. Personal rivalries, differences of opinion, competition for resources, and questions of prestige can set individuals at odds and lead to warring factions with competing loyalties. Resolving conflicts in both settings is a delicate matter that requires balancing what is best for one person with what is best for the group. When family members …
The Family Business: Hiring and Firing Family Members
I really enjoyed reading the article by Don Tyler titled “Working with Family — Hiring (and Firing) Family Members in this month’s Feedlot magazine (pages 36, 38). It reminded me of the unique challenges that family businesses must face — whether it is a family farm/ranch or any other type of business. Intra-family dynamics can seriously affect the day-to-day operations …