Episode 53 - Balancing Business Leadership with Family Relationships

Summary

In this episode of "Women Choosing Growth," Tina Moser sits down with Ruth Velez, a seasoned entrepreneur who shares her experiences navigating the complexities of having family members as employees. Ruth recounts the challenging situations she faced, from losing a major contract and dealing with the fallout of COVID-19 to addressing inappropriate behavior and navigating blurred lines between family and business roles. Through candid stories and hard-earned lessons, Ruth emphasizes the importance of clear communication, setting boundaries, and maintaining a balance between professional and personal relationships.

Ruth also highlights the value of putting agreements in writing, even informal ones, to establish ground rules and expectations. She shares her journey of growing as a leader, learning to handle difficult conversations, and the necessity of separating her roles as a business owner and a family member. Ruth’s insights provide invaluable guidance for entrepreneurs who find themselves in similar situations, stressing the need for transparency, empathy, and wisdom in maintaining both business success and family harmony.

What You Will Learn from the Show:

• Strategies for managing family members as employees, including setting clear boundaries and expectations.
• The importance of communication and transparency in maintaining healthy business and personal relationships.
• How to handle difficult conversations and terminations with empathy and professionalism.
• The benefits of putting agreements in writing to avoid misunderstandings and conflicts.
• Tips on balancing the dual roles of being a business leader and a family member.

Notable Quotes

• "Putting stuff in writing, even if it's bullet points, can make a big difference in maintaining clear expectations."
• "As an entrepreneur, you need to separate your business role from your family role to navigate the murky waters effectively."
• "Family members might feel loyal to you, but it's crucial to communicate openly about their roles and the business's needs."
• "Sometimes, being transparent about the business's struggles can help employees understand and align with the company's situation."
• "Forgiveness and grace are key to maintaining healthy relationships and moving forward, both in business and family."

Resources:

Email: rvelez@vinaligroup.com

Website: www.vinaligroup.com

Calendly: https://calendly.com/ruthvelez

LinkedIn: https://www.linkedin.com/in/ruthievelez/

Women Choosing Growth Resources:

Email: Tina@WomenChoosingGrowth.com

Insta: https://www.instagram.com/womenchoosinggrowth/

Website: Tina-Sue.Com

LinkedIn: https://www.linkedin.com/in/tina-sue-moser-540379a/