In the world of franchising, it’s not uncommon for a franchise business to be a family business with:
- Husband-and-wife owners
- Co-owning brothers, sisters, or cousins
- Other family members involved in the business
Within the Home Franchise Concepts (HFC) family of brands—Budget Blinds®, Tailored Living®, Concrete Craft® and AdvantaClean®—there are many successful family-run businesses, including embracing multiple generations. If you’re considering going into business with family members, a crucial part of the decision is making sure that everyone is on the same page to eliminate misunderstandings.
Talk through expectations
Don’t just assume you’re of one mind, talk about goals for the business and your personal lives. If one views a work week as six days and the other as three days, you’ll be constantly butting heads. Clarify who will be responsible for what part of the business, with roles clearly understood. Think about:
- Are decision-making processes compatible?
- Are work styles and ethics compatible?
- Can you be transparent with this person in any communication without argument or hurt feelings? If you have to walk on egg shells around them, business dealings will not be any different.
- Can you respect each other’s opinions even in disagreement, and live with compromise without resentment?
- Can you honestly evaluate work performance without extreme criticism or excuses? Don’t fall into the trap of having unrealistic expectations for family members.
Oftentimes people expect family to be just like them, but everyone is different. It’s true that “opposites attract” in successful relationships, but “opposite” can also result in conflict, especially in business. For instance, a results-oriented, fast-paced person and a laid-back person will undoubtedly have times of disagreement because they come at life from two different perspectives. Each has to learn how the other operates so they can interact and communicate effectively, or else you may end up like this:
Clarify the business responsibilities of each person and stick to them unless change is a mutual decision as the business grows or needs evolve. Responsibility and authority go hand in hand, so don’t micro-manage each other. All communications should be business-like and professional, just as with anyone else in a business situation. Don’t use a personal relationship as license for bad behavior and end up sacrificing relationship harmony for the sake of business.
Separate business and personal
Keep business life and personal life separate, a job issue should not carry over into your personal relationship, and vice versa. Keep it “family-first/colleague-second,” and don’t let work problems disrupt the family relationship. Spending some time apart pursuing individual interests will break up the everyday routines since round-the-clock togetherness can sometimes become too much of a good thing, even with those you love.
Benefits of a family-run business
Building any business is a challenge and building a business with family members can add an extra layer of complexity, but it can also come down to having the best job in the world! Shared goals, joint decision making, and “all-in” commitment help to ensure harmony in the work place and at home as you build a future together. Here are some of the benefits our franchisees most appreciate from working side by side with family:
- “We actually have three generations that are working in the Budget Blinds franchise. It gives you a certain amount of pride to know that your legacy’s going on through your children, your children’s children.”
- “It’s encouraging to go to work every day and know that the people you love and trust are there, and they always have your back.”
- “We get along wonderfully, and this has only enriched our relationship and brought us even closer together.”
- “The most rewarding part is the flexibility I get to have with my family. I am primarily out in the field all day and she helps off-hours so she can stay home with our children.”
- “It’s given us a chance to spend more time as a family. Both of our boys are involved.”
- “My husband and I were looking for an opportunity; we were looking for financial security and stability.”
If you’re looking for a franchise business opportunity that will let you build a family-run legacy business, Home Franchise Concepts can certainly help. Go online to Home Franchise Concepts to begin investigating the business of franchising, or call 1-800-420-5374 to speak with a Franchise Licensing Advisor about starting a family franchise business. They can help you decide if franchise ownership is right for you, and which of our brands is a good fit for you and your family entrepreneurs.
Each of the HFC brands offers a substantial discount to assist qualified Veterans with becoming independent franchise business owners. Click on the brand below to learn more if you are a Veteran.