Happy Working Relations Are Vitalwhen Father Rules
Byline: JENNY LITTLE
BECOMING part of the family firm can be a double-edged sword for some.
While the business can create wealth for those involved and put them in control of their own destiny, some relations complain that they feel railroaded into roles they do not want or enjoy.
Research by Coutts shows that a quarter of family business owners deem it 'fairly important' to ask a member of the next generation of a family only if they really want to work in the family firm.
Mark Evans, Coutts' head of family business, says: 'Some family members complain that they feel trapped in the firm and are prevented from pursuing their genuine ambitions.
'Increasingly, bosses like younger members of the family to work outside for five to ten years before entering the business, but it is certainly good to get some experience, possibly of a different sector, and to have proved themselves.
'When they enter the business they don't need just to be good, they need to be a little bit better than any external candidates to have credibility.'
Four out of the ten staff employed at Kieran Hughes's lingerie distribution business, Precious Lingerie Collections, are members of his family. …