Manage episode 521424746 series 2860275
Hiring family into your business sounds like a dream, until it turns into a nightmare. In this episode, Lianne Kim dives into the messy, magical, and often misunderstood world of working with family. Whether it’s your spouse, sibling, cousin, or child, bringing loved ones into your business requires more than good intentions. It demands clarity, boundaries, and a solid plan.
Lianne shares the most common scenarios she’s seen go wrong, the red flags to watch for, and the smart strategies that can make working with family a win-win. If you’ve ever wondered whether hiring someone you love is a good idea, this episode will help you decide and do it right.
In this episode, you’ll discover:
- Why most family business partnerships fail
- The difference between hiring family and sharing ownership
- Common mistakes entrepreneurs make when hiring loved ones
- Red flags to avoid: pity hires, favors, and blurred boundaries
- How to set clear roles, expectations, and contracts
- The importance of regular meetings and tough conversations
- When to bring in a coach or mediator to protect the relationship
- How to make working with family a true win-win
Timestamps:
03:00 – Why partnerships often go wrong
06:00 – Good vs. bad reasons to hire family
10:00 – Common scenarios and what to watch for
15:00 – The danger of favors and informal arrangements
20:00 – How to set up a successful working relationship
26:00 – Contracts, job descriptions, and accountability
30:00 – When to bring in outside support
33:00 – Final thoughts on protecting your business and relationships
Think you might be ready for business coaching? Book a call here: https://www.liannekim.com
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Connect with me:
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Instagram: @liannekimcoach
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375 episodes