In “Seven pitfalls to avoid when running a family business,” featured in a past issue of Professional Carwashing & Detailing, we discuss how carwash owners and operators can separate business from personal matters.
“Entrepreneurship is rarely easy. In addition, adding family in the mix can create multiple layers of complexity — barriers and challenges with which competitors may not be burdened with,” writes contributor Brian Greenberg in the article. “That said, the unique dynamics of a family-run business can also result in extraordinary success, as evidenced by Wal-Mart Stores Inc., BMW, Ford Motor Co. and Tyson Foods Inc., which are all highly accomplished family firms.”
He continues, “For this reason and others, the ‘family business’ trend is flourishing, and this holds true for the carwash industry. In fact, recent reports reveal family-owned companies comprise between 80 and 90 percent of businesses worldwide, generating a staggering estimated $6.5 trillion in annual sales — ‘enough to be the third largest economy in the world (behind the U.S. and China),’ as cited in the report.”
One significant factor of long-term success for family businesses, explains Greenberg in the article, is simply knowing how to navigate and circumvent personal relationships in order to work together more effectively — while also maintaining positive perceptions with nonrelated employees.
The PC&D team created an infographic, provided below, to help family-owned carwashes ensure smooth operations.
Learn more about how to successfully run a family business here.
