Family businesses make up about 70% of Australian enterprises, with familial ties affecting workplace dynamics. Business owners share their experiences transitioning into family trades. Manjit Gujral, having migrated to Australia to help run his brother's restaurant, learned to trust his sons in modernizing a business steeped in tradition. The balance between family and work adds both stress and enriching collaboration. They emphasize how learning and evolving roles in the business influence family relationships and drive innovation within their operations.
Working with family can be challenging but offers a rich blend of collaboration, creative expression, and the chance to carry on traditions in business.
When my brother sold his restaurant, my wife and I began our journey, leveraging our family’s experience and support to start our own venture.
Trusting my children to modernize our longstanding business has been a crucial step, as they bring fresh ideas while respecting our heritage.
Lessons learned from choosing family involvement have included balancing personal and professional dynamics, ensuring everyone’s voice is valued in the decision-making.
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