Jump to content

Mixing business and family?
Do/would you do it?

  • Please log in to reply
9 replies to this topic

#1 Lifesgood

Posted 17 December 2012 - 07:17 PM

What do you think of it? Yay or nay?

Using family or their friends/connections to:
- do work on your house
- purchase an investment with
- work for/with/hire
- obtain financial services/advice/investment advice
- etc etc etc

What have your own experiences been?

Edited by LifesGood, 17 December 2012 - 07:17 PM.

#2 mumandboys

Posted 17 December 2012 - 07:31 PM

I do alot of those things!  Some examples:

.  I'm self-employed - I employ my sister, my mum, my brother-in-law, and occasionally my husband.
.  have self-managed super with my husband, his brother and wife
.  Husband's brother is doing our rennovation for us

I think it depends on your relationships.  I'm quite concerned about the upcoming rennovation, but everything else has worked out fine.

#3 *Lib*

Posted 17 December 2012 - 07:42 PM

I work in our family business. Its tough.

My husband employed my uncle and one of my workmates husbands.....and he's finding it tough to get them to do what he wants because he's not comfortable telling them to kick it into gear.

#4 *CalamityJane*

Posted 17 December 2012 - 07:49 PM

We considered a business arrangement with the ILs (buying their share of a business from them). It went bad before we'd even signed on the dotted line. I'm glad it went bad when it did and not after we were in up to our neck in it. DH is still pretty bitter about it 2 years later, and FIL is not happy with how it turned out but at least we are still on speaking terms.

#5 ~ky~

Posted 18 December 2012 - 12:31 AM

DH worked for BIL. Never again!

He was taken for granted, paid whenever BIL felt like it and pay was witheld if BIL took offense to something DH said. It ended up causing strife and financial problems for us.

He offered me a job earlier this year. Needless to say, that although the money would have been fantastic, I turned it down!

#6 IShallWearMidnight

Posted 18 December 2012 - 01:22 AM

depends on the people involved.
we recently bought my sister an apartment, which worked out financially for us, but I wouldnt usually be involved financially with family

#7 lozoodle

Posted 18 December 2012 - 06:51 AM

The building company who have done our renovations (and are still doing them as I type this!) are a family friend of DPs.

But we pay them just like anyone else would, no special treatment or anything. Its taking a looooooong time too as he fits us in around other jobs to try and keep our costs down without actually giving us a huge discount if that makes sense.

#8 Chchgirl

Posted 18 December 2012 - 06:51 AM

I get on well with both sides of the family, but I would never employ any of them. None are skilled to do work on my house or work for me anyway, but I still wouldn't, I have seen others have fallouts with family members over tiny disagreements.

My mother always advised not to mix business, money and family!

#9 Unatheowl

Posted 18 December 2012 - 07:20 AM

I have done all of the above!  The only time it went bad was whena friend did a favour and did our Plumbing in a unit we were renovating.  When we cam back after a week or so he had left water leaking which ran under the entire floating floor which had to be replaced ate his expense.  Awkward.

I think it generally does work though provided you are all clear on your expectations and roles and any contingency plans are well articulated.

#10 Holidayromp

Posted 18 December 2012 - 07:28 AM


It is a very small minority that it works for.

We are still paying for our mistake of working with family four years on.  We are stuck in a massive hole and slowly digging our way out of it.  We had alot to lose when we did it.  The ones that had the least to loose benefitted out of it.

It has divided the family and has done irrepairable damage to relationships.  Things will never be the same again.

Basically MIL set us up for a massive fall to the point we almost lost everything to save her own a*se.

Run as far away from it as you can.  Also irrespective of whether they are family or not partnerships go sour as well.  You are better off going it alone.  If you don't have the capital save it.  Don't risk your lives, your financial future and relationships for the sake of making money as it rarely works.

1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users


Newborn baby found in a nativity scene

Police are trying to trace a woman who abandoned a baby boy in the manger of a church nativity scene.

Life would be harder without my kids

The Humans of New York Facebook page is well known for sharing touching, real stories from one of the world's biggest cities – and it's just hit the heart of parents everywhere.

Mum dresses as Wonder Woman for last day of chemo

A Brisbane mum dressed up as a superhero to celebrate the end of her chemotherapy and created a moment her family will remember forever.

How a raisin can predict a toddler's IQ

All you need to assess a child's future intelligence is a plastic cup and a raisin, according to new research.

Former Hi-5 member's cannabis hope

Former Hi-5 star Tim Harding hopes a cannabis-derived drug will help control his daughter's epilepsy, which sees the four-year-old suffering between 50 and 100 seizures a day.

The top 5 reasons your toddler throws a tantrum

Whilst to the outside world little people may appear to have it easy, it's actually not always the case – just ask any toddler who's had their toast cut up the wrong way.

Glenn McGrath thought he'd lost his wife and baby

Australian cricket ledged Glen McGrath has spoken about the moment he thought he might lose his wife, Sara and their baby daughter, Madison.


Inside my Centrelink nightmare

Mother Bec Smith has been trying for months to access Centrelink payments. A "serious error" is preventing her.

Warnings over push for hourly childcare billing

Australia's peak childcare body has called for caution around the Turnbull government's push for childcare centres to charge parents by the hour, not by the day.

Cate Blanchett thought about adopting for years

Cate Blanchett says her recent adoption of a baby girl had nothing to do with wanting a daughter after having three sons.

Kate Walsh: 'I can't have kids'

Grey's Anatomy star Kate Walsh has revealed she is unable to have children because she has experienced early menopause.

The parasite that could boost fertility

The Tsimane women of Bolivia are often revered as among the most fertile in the world - on average having 10 children in their lifetimes -- but some are even more fertile than others.

Family may sue cousin over genetics

A Melbourne couple is suing the Royal Children's Hospital for failing to diagnose a genetic disorder in their first child - an error they allege caused them to have another child with severe disabilities.

Strange things mums have done in labour

While most women in labour focus on the upcoming birth of their baby, some women do more interesting things.

Michael Clarke reveals baby's name

When Michael Clarke said he was wrapped around the finger of his little princess, he wasn't joking.

The logistics of breastfeeding twins

Our life is more or less divided into neat four hour parcels of time and it's hard to get much of anything done in the time between feeds.

How to stop people ruining Christmas

We can make a conscious effort about how we react to those curly Christmas day scenarios that can send us up the wall, or should we say chimney.

Lots of formula offers for desperate mum

The mum who was down to her last three tins of baby formula said she had received hundreds of calls and offers to send her formula.

Surviving breast cancer while pregnant

It was last thing Rebecca O'Donnell expected at 30 weeks' pregnant. One morning, while putting on her bra, she felt a pea-sized lump in her right breast.

Cot sheet brands for the nursery

With so many awesome cot sheet options these days, we thought we'd put together a list of go-to brands for you to seek out for your baby's bed.


What's hot on EB

How I survived breast cancer while pregnant

It was last thing Rebecca O'Donnell expected at 30 weeks' pregnant. One morning, while putting on her bra, she felt a pea-sized lump in her right breast.

Grieving father's letter to Bataclan terrorists: "...this little boy will threaten you by being happy and free"

A grieving father whose wife was killed in the attacks on the Bataclan Theatre last weekend has written an open letter to her killers.

5 challenges of motherhood - and how to see them differently

Despite the smiles, the sloppy kisses and the pure magic children bring to our lives, it's hard to deny that motherhood can be tough.

4 challenges of being a new dad - and how to face them

Becoming a parent is challenging – and that applies to both mums and dads.

My battle against antenatal and postnatal depression

I was five months pregnant when I realised I needed help.

Children swapped at birth will not be returned to biological parents

A boy and girl accidentally swapped on the day they were born will stay with the families who have raised them, a South African court has ruled.

A quarter of men believe they get 'man periods'

A British study has revealed one in four men believe they have a monthly cycle.

Baby deposit

How much do you need to save for a 'baby deposit'?

It's fairly straightforward to calculate a house deposit, but how much money do you need to save up for a baby?

Dad's beautiful note to his wife, a nurse

To anyone else it might just look like a picture of a mum having a nap with her toddler.

'I was a complete schmuck': Mike Baird opens up about his wife's postnatal depression

When his wife Kerryn was not well following the birth of their daughter, NSW Premier Mike Baird buried himself in his work.

Mum's desperate plea as whooping cough alert issued

A desperate mother has shared a heart-breaking video of her baby struggling to cope with a coughing fit caused by pertussis.

Coffee could help you live longer

New US research found people who report drinking three to five cups of coffee a day are less likely to die prematurely from heart disease, suicide, diabetes or Parkinson's disease.

The joy and dread of playdates

To live vicariously through your child is to rediscover anxieties you thought dead and buried.

Sick baby could die without scarce special formula, mum says

Lizzie Cann is down to her last three tins of a special formula in short supply.

Adorable toddler's strop foiled by squeaky shoes

We're probably all familiar with the pouty bottom lip and tightly crossed arms of a tot mid-strop.

More sex during World Cup created more baby boys

More sex during South Africa's World Cup meant a disproportionately high number of boys were born nine months later, a new study has found.

Win one of two ABC Shop prize packs in time for Christmas

What a boon it would be to have your toddler's Christmas gifts covered this year. We have two awesome ABC Shop prize packs to give away to two lucky winners.

Do fitness challenges really work?

Fitness challenges aren't new. There's Michelle Bridges 12WBT and a bunch of other programs if you really want to lose weight.

What are pregnant women Googling?

Pregnancy is a huge change for any woman, so it's natural we'll have questions - and turn to Google to ask them.



Can't decide?

Check out the Essential Baby Names section for some inspiration

Essential Baby and Essential Kids is the place to find parenting information and parenting support relating to conception, pregnancy, birth, babies, toddlers, kids, maternity, family budgeting, family travel, nutrition and wellbeing, family entertainment, kids entertainment, tips for the family home, child-friendly recipes and parenting. Try our pregnancy due date calculator to determine your due date, or our ovulation calculator to predict ovulation and your fertile period. Our pregnancy week by week guide shows your baby's stages of development. Access our very active mum's discussion groups in the Essential Baby forums or the Essential Kids forums to talk to mums about conception, pregnancy, birth, babies, toddlers, kids and parenting lifestyle. Essential Baby also offers a baby names database of more than 22,000 baby names, popular baby names, boys' names, girls' names and baby names advice in our baby names forum. Essential Kids features a range of free printable worksheets for kids from preschool years through to primary school years. For the latest baby clothes, maternity clothes, maternity accessories, toddler products, kids toys and kids clothing, breastfeeding and other parenting resources, check out Essential Baby and Essential Kids.