Mixing Business and Personal Relationships: The Guide
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Description
Welcome to another episode of Ambitious. Today, we're tackling a question I've been asked time and time again - can you mix business with family and friends? I've heard it said you should never hire family or friends, but my personal journey tells a different story. Listen in as I explore the ups and downs of working with those closest to you. You'll hear about the stability and emotional investment that comes from having loved ones in your team, and the profound impact it can have on the collective success of your business. It's not all smooth sailing, though. This episode takes a brutally honest look at the challenges of working with family and friends in a professional setting. From the difficulty of having candid conversations, to the potential complications of intertwined personal and professional conversations, we dissect it all. We also explore the importance of setting clear expectations and boundaries, acknowledging the need for space, and the risks of having all your eggs in one basket. We round off the discussion with some real-life experiences, with my own mom and sister who've become integral parts of my business. Their emotional investment, coupled with the understanding of our unique family dynamics, has had a beneficial effect on the growth of my business. However, maintaining a professional relationship has its own set of challenges. Despite this, I firmly believe that working with family and friends can be a rewarding experience. Join us as we share more about this unique blend of business and personal relationships. (0:00:08) - Working With Family and Friends in Business (0:09:12) - Friends and Family in Business the Worry of Stability (0:13:57) - Working With Family in Business (0:18:18) - Challenges of Working With Family and Friends (0:42:15) - Setting Boundaries and Recognizing Team Wins To connect with Kate on Instagram, click ⁠HERE⁠. To apply for ITI, click ⁠HERE⁠.
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