There has been a lot in the news lately about â€œinvading personal space,â€ and I really get why that is so important. Boundaries are a defining concept for every successful family business Iâ€™ve ever worked with, and itâ€™s the second of my supporting pillars in my online course, Re-Imaging Relationships For Families In Business. Â American poet Robert Frost noted that â€œgood fences make good neighbors,â€ and I would add that good boundaries make good working relationships between family members.
In the nuclear family, usually parents and their children, or perhaps at some point just the siblings, there are relationships that have been developing since birth. Opinions about strengths and weaknesses have been forming for decades, and there are no secrets (usually) about escapades from anyoneâ€™s younger days. Normally by the time family members are working together as adults in a legacy business, they have already interacted with each other for decades within the intimacy of the family unit.
The family business must not become a metaphor for family.
Protocols must be different for work talk and family talk. The same is true for behaviors. If a bossy older sister has spent her life picking up projects abandoned by her younger brother, then she will continue to do this in the family business. This will result in the same resentment levels experienced by both siblings as this dynamic has occurred over the years. The family leader must know how to set the boundaries between sibling responsibilities, Â and preferably with minimum risk to overall business progress. The leader must also know how to arbitrate when boundaries are disregarded. Perhaps thatâ€™s easier when a parent is running things, but when a sibling takes over as leader, he/she better be strong enough to insist on a) hands off someone elseâ€™s job and b) maybe job boundaries […]