Sibling rivalry and unhealthy parent-child relations are two of the most prominent family dynamics that cause problems in a family business. The former leads to infighting among the family while the latter leads to conflict-ridden relationships between predecessor and successor. When unchecked and unmanaged, unhealthy family dynamics can have damaging effects on both the family and business. 

According to Joe Astrachan, “family dynamics are the patterns of relationships that define the emotional life of the family.” The family dynamics that have the most profound effect on a family business come from significant stressors, such as: illness, loss of employment, death of a loved one. Smaller stressors, like getting married or having children, can also have a significant effect and drastically change family dynamics. How do you develop good family dynamics in a family business?

Joe Astrachan dives into the definition of a good family relationship in his interview, “Understanding the Business Family – Part I.”

Read about how to develop good family dynamics in a family business here.

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