CHICAGO (MainStreet) -- Working with family members can be both rewarding and challenging, and when relatives butt heads it has implications far beyond the office. Those potentially dramatic consequences have even inspired books on the subject, with titles ranging from Keep the Family Baggage Out of the Family Business to Family Wars: The Real Stories Behind the Most Famous Family Business Feuds.
But what about when the relatives in question really like each other? Even admire each other? For all the attention given to family business dysfunction, it's important to note the many advantages a family-run business can have, such as built-in trust and loyalty among co-workers.
|Organizables, begun in late 2010 by a mother and daughter team, is carried on the Home Shopping Network and sold via a number of online retailers -- one of many thriving family businesses.|
With Mother's Day on the horizon, one California start-up is timely reminder that it is not only possible for a mother and daughter to work together effectively, but that the process has actually enriched their relationship.
Dr. Melinda Bossenmeyer, a former teacher and elementary school principal, raised her children in an entrepreneurial household: In addition to her day job, she ran her own company, Peaceful Playgrounds, which produces organized activities for schools to use during recess.10 Forces Conspiring Against Your Savings >> Melinda's daughter, Zia, grew up accompanying her mother to trade shows and stuffing envelopes for mailings. In 2006, two years after graduating from college, Zia joined her mother's company part time while she tried to figure out her next move. The next move, it turned out, was to follow in her mother's footsteps by starting her own business -- in partnership with her own in-house mentor, Melinda. The company that resulted from their brainstorming, Organizables, was inspired by a system Zia used when she was little: children's clothing organizers that streamline the morning routine by pre-selecting outfits for the week. Based in Lake Elsinore, Calif., Organizables launched in late 2010, and its products are now carried on the Home Shopping Network and a number of online retailers.