When family and business mix, the results can be a complex blend of love, loyalty, and the occasional tug-of-war over the remote control of decision-making.

Rachel Troughton joins me to unravel the delicate dynamics of working with loved ones in the property realm.

Imagine leading a business where the boardroom table might also be where you eat Sunday dinner. That's the reality for many in generational family enterprises, where the lines between personal and professional often blur.

In this discussion, I share the emotional intricacies when not every family member shares the same enthusiasm for the family trade.

We navigate through the potential obstacles of bringing spouses, offspring, or friends into the fold, underscoring the importance of aligned values and crystal-clear communication.

As we wrap up, we highlight the critical nature of legal diligence, especially in the property sector, and urge our listeners to weigh their options and consider the implications of every business alliance they enter.

For more insights don't forget to subscribe and check out the show notes for additional resources.

--------- EPISODE CHAPTERS ---------

(0:01:11) - Navigating Working Relationships in Business

(0:13:22) - Navigating Family Dynamics in Business

(0:19:04) - Business Partnerships and Family Dynamics

(0:25:00) - Property Investment Joint Venture Strategies

(0:33:00) - Impact of Joint Ventures in Property

(0:44:30) - Navigating Property Partnerships and Legal Responsibilities

To watch this episode on YouTube:

https://youtu.be/YDN7d_J5zuE

Connect with Rachael

Website: RachaelTroughton.com

Instagram: @Rachael_Troughton

LinkedIn: https://www.linkedin.com/in/rachael-troughton-property/

Email: [email protected]

Connect with Vicki:

https://linktr.ee/vickiwusche

Visit my website to learn more

https://vickiwusche.com

Booking calendar - https://calendly.com/vickiwusche

Access the free resources: https://vickiwusche.com/resources/

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?

Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?

https://scorecard.vickiwusche.com/

The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them