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Grow Your Family Business (ENGLISH)
Grow Your Family Business (ENGLISH)
Family businesses are more than entrepreneurial endeavors. They are an emotional
investment, creating deep personal ties with your relatives, employees, community and
yourself. Is it possible to scale and expand one without losing those ties and the personal
touch that made you a success in the first place? Of course it is, if you can learn to
separate emotion from business and run your business like a business.
Brian Moak grew up working in his family business, HEART Certified Auto Care in
Illinois, then bought it from his father when he was 27. Now 35, he is preparing to
expand HEART into franchises across the country.
"I’ve always had this dream of growing the company, becoming part of multiple
communities," said Moak. "I’m looking for a way to create a legacy like what my dad
created."
Moak says anyone who wants to grow something that's small and family can do it, as
long as they don't lose the family touch. He shared his best tips for doing just that
5. Hire thoughtfully
To grow a business, you will have to hire new employees. This may be something you
are used to doing, or it may be the first time someone outside the family has worked for
you.
In either case, be thoughtful and careful about who you bring on. Every new hire should
represent the values that define your business.
Don't be afraid to turn away qualified candidates who don't feel like quite the right fit.
When your name is on the business, employees do more than represent a company. They
also represent your family and the history behind your work.
"If someone is going to hang my shingle in front of their store, they've got to be the best
of the best," said Moak. "I've turned people away who are interested in becoming
franchisees... If they're going to represent our values they've got to be like us."