No parent wants to fire their child from the family business. It’s an unthinkable scenario that families must face—and that has lasting consequences. Before deciding to fire a child, it’s important to understand what is driving this decision.
First ask: Are expectations clear and mutually agreed upon?
It may seem like a silly question. Today, most family businesses have contracts in place that outline each employee’s role in the business. But, sometimes, families set unrealistic expectations—or even fail to clearly define expectations.
If the role is clearly defined, then you should move to the next step, which you can find in this article—plus the three other questions to ask before firing your child.
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