The pros and cons of working with family

Two professors break down how to navigate the benefits and challenges of working with family members.

Working with family members in a business setting is a unique experience that brings both opportunities and challenges. Entrepreneurial families—those engaged in creating and managing businesses over generations—often rely on the strength of family ties to create long-lasting ventures. However, combining family and business dynamics introduces complexities that need to be managed in order to avoid heaven becoming hell.