Contributed by Vincent Finaldi, an EO New Jersey member and vice president of TeleCloud, a second-generation business that provides seamless VoIP communications solutions. Vincent also invests time in his passion project, $econd Generation, a video podcast that addresses second-generation businesses and the unique challenges of growing past the founder, navigating through family dynamics and continuing the family legacy.
Family members who are involved in business together can likely relate to this picture. Blending two very different experiences—work life and family life—into one can be complicated. Lines become blurred. On the one hand, family (hopefully!) symbolizes a place of love and security. You accept your family members as they are and find the silver linings to enhance those relationships.
On the other side of the table is the conference room, where we focus on business. While business does not have to be harsh or embattled, what translates well in family relationships may not translate into what the business needs and requires.