Business Owners & Entrepreneurs Podcast With Peter Boolkah | Business Coach | The Transition Guy®

The Challenging Dynamics of a Family Run Business with Mike Young -- TTG114

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Sinopsis

The challenges of business growth are numerous. When you start talking about a family run business, those challenges can often be compounded. This week, I talk with Mike Young, CEO and founder of Multipipe. Mike explains how his journey had ups and downs but that his perseverance eventually led him to build the company to where it is today.Getting through the tough moments, however, wasn’t easy. Starting out in business with his brother and father, Mike saw firsthand the issues that can arise when working with family. He describes how the dynamics of a family can complicate the business relationships that are so crucial to a company’s success.  Decisions made in the company could sometimes become problematic and lead to very real problems between family members.Mike makes the point that it’s very hard in general to find a partner who you truly share a culture and vision with. It’s even harder with a family run business. Working independently offers the advantage of being able to follow your own instincts and