|
Working With Your Family In Your Real Estate Business
BATTLECALL GUEST EXPERT: Cheri Alguire, Real Estate Moms Here are 5 tips on how to make it a successful combination. We all have families, but not all of us work with them. If your real estate business includes a family member or two, you already know what the good and the bad of it is. Learning how to increase the positives will help in creating not only a stronger platform for your business, but also in stronger ties with your family. This particular balance can be a tough one to manage; however, it is very possible. While this rule sounds simple, it can be difficult to achieve. The best way to handle it is open communication from the very beginning. Explain clearly that while on the job, it is best to keep family chit-chat to an absolute minimum, if at all. Let them know this goes both ways -- that you won't be calling them at home on the weekend to discuss work. Keep the two entities as divided as possible! Sticky situations can sometimes arise when a family member is a social friend of a client. Business is business, and any possible work issues need to be kept confidential and not turned into fodder for gossip. Real estate is a competitive environment. Realize that the monthly sales figures could cause negative emotions in whoever is on the lower end. Be supportive to each other to get through these moments of crises -- and be prepared to deal with them when they occur. From day one. If your normal course of action is to put a job offer in writing, including compensation and benefits, don't deviate from this with family. While the process may seem more casual, it isn't. You need to be as effective and vigilant with family employees as you are with non-related ones. You already know this, but don't forget it's just as important when dealing with your family in your workplace as it is in other areas of your business. They deserve the respect of one-on-one business meetings to voice their concerns and to discuss their job, and your business, in general. Miscommunication is the biggest cause, by far, of poor job relations. Keep this in mind, and you'll go a long way in keeping everyone happy. Including yourself! © Copyright Lawrence Media. All rights reserved. |