I’ve just happened upon an article about family and business posted by Loyd Rawls on Expert Business Source.
When combining non-employed family members (ie parents, siblings, children, in-laws and out-laws) who essentially observe the goings-on of a family business through virtual means, the lack of full perspective can be and will assuredly be volatile. While family members may have a legitimate vested interest in the business from both a financial and emotional perspective, expectations to information entitlement can significantly impact the bonds of the family unit. Moreover, to gleam any nugget of apparent wisdom through seeming success, may be a red herring to another.
It’s also important to note that when having casual discussions about business over drinks with family, one must remember that nothing is ever “off the record.”