The tradition of family business is thriving in our community: according to a recent LMT survey*, 50% of you work with at least one relative—and this percentage has remained consistent throughout LMT’s 38-year history.
Owning a laboratory with family members can be a rewarding experience that offers the opportunity to spend more time with loved ones, share your passion for improving patients’ lives and jointly build a successful company. On the other hand, nepotism and alienation of non-family employees are legitimate concerns as well as the owner feeling caught in the middle and jeopardizing relationships with family members and employees alike.
Here are five tips for bringing relatives into the fold and making the family dynamic work in the workplace:
Start on solid ground. When family members know and accept each other’s personalities and quirks, trust one another’s abilities and share a common work...
