Do you think It's a bad idea to go into......

**Murder after Midnight** · 10-11-2009, 01:18 PM

business with a family member. I have a very good business idea/plan, i have mentioned this to my cousin and he seems very interested in the business and would like to invest, however i still have my doubts about going into business with him because i have always heard it is a bad idea to go into business with a family member. Have any of you guys tried this before or can offer advice thanks in advance.

**310stanger** · 10-11-2009, 01:21 PM

I would say this is rarely a good idea. Yeah it works for some families, but typically its a situation where lets say you own the company and your wife and kids work for you. Working with your cousin could suck depending on how trustworthy and driven he is.

**Murder after Midnight** · 10-11-2009, 04:05 PM

Originally Posted by 310stanger

I would say this is rarely a good idea. Yeah it works for some families, but typically its a situation where lets say you own the company and your wife and kids work for you. Working with your cousin could suck depending on how trustworthy and driven he is.

Yeah i was thinking the same thing man it would probably be best if i did it on my own.

**Y2KPewterSS** · 10-11-2009, 06:42 PM

Business and family don't mix at all.

**310stanger** · 10-11-2009, 06:47 PM

Its a lot easier to fire someone you dont know then it is family. When its family, lets say they underperform..... you gonna fire them and then have dinner with them later? They always expect to get away with more as well

**TARZAN** · 10-11-2009, 06:49 PM

Yes

-Will

**SiggyZ** · 10-12-2009, 08:08 AM

Both myself and one of my sisters work for the family business and it seems to be good so far.

**korndawg** · 10-12-2009, 08:14 AM

BAD idea.

**86 IROC-Z** · 10-12-2009, 08:17 AM

It will only work out if everything is equal, including intangibles.

**waldo** · 10-12-2009, 08:18 AM

YES..... nuff said!

**Crimson Sin** · 10-12-2009, 10:20 AM

Family and business typically don't mix well. Some good reasons are already listed.
Some times it works out, but that is the exception, not the norm.
I have done it in the past...twice. Neither time did it end well. Add the cost and ramp up time of having to train a replacement employee... Just usually better to not mix family and business. On a large scale company the repercussions can usually be contained and minimized.. But if it's only two employees... It could be devastating to the company..
Just my opinion.

**third_shift|studios** · 10-12-2009, 10:32 AM

i used to work for my brother's landscaping company about 5 years ago for 8 summers through highschool and college. He and i could NEVER be on the same job together EVER.

**310stanger** · 10-12-2009, 10:38 AM

Originally Posted by third_shift|studios

i used to work for my brother's landscaping company about 5 years ago for 8 summers through highschool and college. He and i could NEVER be on the same job together EVER.

You strike me as the type of individual that likes to be the chief and not the indian, in turn having to take orders from him would be epic fail. amirite?

**SiggyZ** · 10-12-2009, 10:39 AM

Some of you must be a bunch of bull headed hard asses. I work with my dad and sister just fine.

**310stanger** · 10-12-2009, 10:41 AM

Originally Posted by SiggyZ

Some of you must be a bunch of bull headed hard asses. I work with my dad and sister just fine.

you and your family must be nice, kind, honorable people lol other families dont always work like that. you are also immediate family, the OP is talking about a cousin. Heck I got cousins that if i were to walk passed them in a store I wouldn't even know who they were unless my mom introduced me lol

**sharptransam** · 10-12-2009, 10:49 AM

Originally Posted by SiggyZ

Some of you must be a bunch of bull headed hard asses. I work with my dad and sister just fine.

that's cause it's your dad and if yours is anything like mine he would pop you in the back of the head as an argument ender. haha

family and business don't mix. family you are stuck with, and business is generally seeing who you can screw over the worse to get ahead.

**SiggyZ** · 10-12-2009, 10:50 AM

They are and I understand what the OP meant, but it seems many in here think working with any and every family member is a no no.

Originally Posted by 310stanger

you and your family must be nice, kind, honorable people lol other families dont always work like that. you are also immediate family, the OP is talking about a cousin. Heck I got cousins that if i were to walk passed them in a store I wouldn't even know who they were unless my mom introduced me lol

**SiggyZ** · 10-12-2009, 10:51 AM

Whatever floats your boat there bud, but this family business has been going strong for 32 years.

Originally Posted by sharptransam

that's cause it's your dad and if yours is anything like mine he would pop you in the back of the head as an argument ender. haha

family and business don't mix. family you are stuck with, and business is generally seeing who you can screw over the worse to get ahead.