Preventing Nightmare House of Horrors, a Family Quarrel, Part 1
Since you’re here reading this, the subject probably hits close to home. If so, you have my entire sympathy. If ever there’s a high stakes situation, it’s the family quarrel in a family business.
I’ve had members of family businesses tell me that when family relationships aren’t going right, the pain can permeate every hour of every day. On top of that, the quarrel affects the family business, the situation turns into a terrifying house of horrors.
After all, the family’s economic security may be at risk. The business may have to be sold. Or it may go bankrupts. And there’s the enduring agony of knowing that others are likely to suffer as well, including: stockholders, employees and the community at large.
Prevention is the least expensive, most effective, and most humane approach to family quarrels.
So how do you prevent family quarrels?
Here are two approaches that I’ve seen work in my birth family, which was involved with the Sheraton Hotel Chain. My next blog post will be on what the Perdue family does to prevent family quarrels.
1. Have a culture that demands solving problems within the family.
As a member of the Sheraton Hotel family, my siblings and I were taught from early on that family quarrels must never escalate. We each knew that there were so many employees and stockholders involved that it would be WRONG to let quarrels escalate. It was a moral issue. We five siblings were taught that it was OK to hash things out among ourselves, but, “We do not wash our dirty linen in public.” Possibly some of us might have been tempted to consider assassination, but I don’t think it ever occurred to any of to take our disagreements outside the family.
2. Have a culture of civility.
My parents were OK with airing grievances, but the disappointments or disagreements had to be expressed in polite ways. “Least said, soonest mended,” was the approved approach. The family culture took into account that when people disagree and tempers rise, it’s easy to succumb to the “opening your mouth and putting your foot in it” scenario. Being civil during an argument was an extremely strong component of the family culture I grew up with. It did a lot to prevent escalation.
This culture has to start young. It has to be discussed, rewarded, revisited, and not taken for granted. My father actually had his own “Sunday Sermons” after church in which he’d talk with his children about the value of being civil, or that we had a responsibility to something bigger than ourselves. He’s been gone almost 50 years, but his descendants still take it to heart
Search Articles
Latest Articles
Ukraine’s Fate and the U.S. Election: A Perspective from the Front Lines
https://foreignpress.org/journalism-resources/ukraines-fate-and-the-us-election-a-perspective-from-the-front-lines Publication –foreignpress.org
New Life for Old Ambulances
https://foreignpress.org/journalism-resources/new-life-for-old-ambulances Publication –foreignpress.org
Prince Mario-Max Schaumburg-Lippe: Orphans International and James Jay Dudley Luce Foundation Celebrate 25 Years of Global Leadership
https://t2conline.com/prince-mario-max-schaumburg-lippe-orphans-international-and-james-jay-dudley-luce-foundation-celebrate-25-years-of-global-leadership Publication –t2conline.com
Mitzi Perdue: I Am An Assassination Attempt Survivor
Mitzi Perdue: I Am An Assassination Attempt Survivor About The PodcastThe newsmaker interviews and the news you need when time is short!
Subscribe to Updates
About Author
Mitzi Perdue is the widow of the poultry magnate, Frank Perdue. She’s the author of How To Make Your Family Business Last and 52 Tips to Combat Human Trafficking. Contact her at www.MitziPerdue.com
All Articles
Volatile Markets? Try Non-Correlated Investments
Volatile Markets? Try Non-Correlated InvestmentsAt a recent meeting of the Ritossa Family Office Summit in Dubai, Jagdeesh Prakasam said something that caught the attention of the several hundred investors who were listening to him. He said that by using artificial...
Family Governance Issues: Are You Struggling with Them
Family Governance Issues: Are You Struggling with ThemFamily businesses resemble countries in at least one key way. When you get the governance right, people have a chance at prospering and thriving. If you get it wrong, the result can mean unending distress. Babetta...
Family Businesses, a Unique Treasure to Their Communities
Family Businesses, a Unique Treasure to Their CommunitiesOlivier de Richoufftz from the Family Business Foundation knows something you probably don’t know about the Michelin Tire Company. This company contributes something of amazing and irreplaceable value to its...
What Coaching can do for you
What Coaching Can Do For YouKaren Snyder founded Concordia Consulting 27 years ago. Through her work, she helps senior executives and their teams achieve extraordinary results by working collaboratively. What has Karen learned in those 27 years that can help all of...
Entrepreneurs in the Family Business: Without Them, You’re at Risk!
Entrepreneurs in the Family Business: Without Them, You're at Risk!Entrepreneurship is essential for a family business to thrive. According to Bobby Stover, EY Americas Family Office Leader, “A family business that doesn’t find new opportunities is a family business...
Chad Naylor’s Investments and His Not-So-Secret Sauce
Chad Naylor’s Investments and His Not-So-Secret SauceBy Mitzi Perdue Chad Naylor from Naylor & Company Investments, LLC has an investment thesis that’s enabled him to make some extraordinary profits. Since the company’s founding over 14 years ago, their...