Family Business and Addiction: A Risky Mix
The truth is, you may need to admit and accept that they may need to leave now in order to return a better version of themselves in the future.
Imagine growing up working in your family business, only to find your actions putting everything at risk due to addiction. In this episode of the Family Strong Podcast, Randy Palmer opens up about his own experience with addiction while working for his father's company. He shares the hard lessons learned and offers practical advice for families in similar situations. The episode tackles the often-overlooked risks of employing family members who struggle with substance abuse.
Randy emphasizes that these issues are usually more apparent to everyone else before the family realizes the full extent. He challenges listeners to think about the standards they want to set for their business and family, and what could happen if nothing changes. Are you feeling burned out, afraid, or stuck because you're avoiding necessary growth or difficult conversations? Randy suggests putting plans on paper and using them as leverage to foster change.
He also discusses the possibility that family members may need to step away from the business temporarily to focus on their recovery, with the hope of returning stronger. This episode is a must-listen for any family business owner dealing with addiction, offering a blend of personal anecdotes and actionable strategies to improve company culture and work-life balance.