You can be great business partners and still drive each other absolutely crazy.
And when your business partner is also your husband, wife, sibling or another family member, those frustrations don't always stay at work.
In this episode of The Family in Business, Mark is joined by Emily from OzRox, who has spent the past 11 years building a business alongside her husband, Carl.
They've navigated some tough decisions, figured out how to balance different responsibilities and learnt that just because you're family doesn't mean you're automatically a great team in business.
But what happens when one person feels they're carrying more than their fair share? Or when a disagreement about the business turns into an argument at home over something completely unrelated?
Mark and Emily get into the realities of working with family, including the conversations that aren't always easy to have, the importance of knowing your roles and what happens when you learn to trust each other enough to let go.
And there's another side to the story.
Because when you get it right, building a business together can give your family more freedom, flexibility and a future you're genuinely proud of.
If you're running a business with someone close to you, there's plenty in this conversation you'll recognise.
Have a listen. It might just save you an argument this weekend.
In today's podcast you’ll discover:
01:19 – The tough decisions that come with building a business together
02:34 – Why being family doesn't automatically make you a team
03:36 – How business frustrations turn into resentment at home
05:39 – Moving from figuring things out to building a business with direction
08:05 – Why the right people can change how you approach business
09:05 – Finding your roles and learning to stay in your own lane
10:22 – Why how you communicate matters more than you think
11:16 – Learning to delegate without taking control back
12:23 – Building a business that supports your family and your future
Quotes
“Resentment builds, and sometimes it’s not just towards each other. You can actually end up resenting the business itself.” - Mark Creedon
“If I was to list the biggest issue I see in any business, it's communication. Communication is the key to most things, but it's really interesting that in a small business with just two partners, it's still the same problem.” - Mark Creedon
“It's not what you're saying to each other. It's how you're saying it.” - Mark Creedon
“You try to avoid a conflict by not talking about it. But then if you stew on it, it just makes it worse and you snap about things that you're not really actually mad about.” - Emily
The Mastermind for Business podcast is powered by Business Accelerator Mastermind, a coaching program that helps service business owners and professionals double their revenue whilst halving their time in the business. Each week, Mark Creedon, a Business Coach at Business Accelerator Mastermind, speaks with some of the best business minds in the world and shares simple, practical steps you can take to create the business you always wanted.
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Mastermind Business Accelerator is a hands-on practical program aimed at driving results fast. Spearheaded by Mark and Caroline Creedon and a range of highly qualified experts, the program will give you back the freedom you hoped for when you first started your business or professional practice. With his coaching program, Business Accelerator Mastermind, Mark helps business owners maximise their time, set and achieve goals, while remaining accountable.
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How To Have A Business Not A Job:
WITHOUT NEARLY KILLING YOURSELF
