From smSmallBiz
WHEN MICHAEL CURCIO , founder of fast-food chain Pyrogrill in Jupiter, Fla., wanted to expand his business, he looked for a partner with complementary skills who he could trust implicitly. The natural
Brothers Michael (left) and Jason (right) Curcio run fast-food chain Pyrogrill, but still cook meals together on the weekends.
Learning to forge a new professional relationship can be tough for sibling business partners, especially at the beginning, says Kathy Marshack, a psychologist and family business coach in Portland, Ore. An older sibling, for instance, might naturally want to boss around a younger brother or sister, even if they are equal partners in the business. And hurt feelings or grievances from years past (even something as seemingly insignificant as a less-than-flattering nickname) can cause trouble, if not addressed. "Anything that's still there from childhood — and there always is — will be re-enacted in the business," she says. "You want to take a look at that…and see if you can work through it."
Before going into business together, siblings should decide the positions they'll take based on skills, rather than family hierarchy or history, Marshack suggests. Siblings frequently "typecast themselves into roles that aren't suitable for them," she says. For instance, a younger sibling who's the "baby" of the family might automatically take a lesser role, even though he or she has demonstrated leadership abilities as a grown-up. "You've got to look at your talents, now that you're adults."
Sibling partners also should be prepared for the stress of running a business, says David Choi, assistant professor of management and entrepreneurship at Loyola Marymount University in Los Angeles. Especially in the early stages, growing a business is "almost like going to war," he says. "It's very strenuous. You are testing your character."
Even the most compatible partners will experience "times when you hate each other, just because you work together each day," says Choi, who himself ran a salad-dressing company for three years with his younger sister, ultimately selling the company when sales began to lag. "Always know that you are family…and you will like each other eventually."
When a serious rift occurs, that's often because "the siblings don't really share a common vision for the business," says Rivers, of the Family Business Institute. He advises siblings to talk about their long-term goals; if one wants to grow the company and cash out after five years, while the other wants to create a business to pass on to their children, "right away we know we have conflict."
For the Curcio brothers, there have been speed bumps along the way, but five years of working together and treating each other as professionals is paying off. The two spend most days in separate offices about six miles apart which "is probably why we haven't killed each other yet," says younger brother Michael. The brothers advise other sibling partners to "divide your responsibilities — and then hold yourself accountable and not have your sibling hold you accountable for them," adds Jason.
The business is growing (they're on track to open seven new locations this year) and the brothers still get together every Sunday night to cook a big family dinner for whatever relatives are in town. "We'll always be brothers, whether we're working together or not," says Michael. "That's more important to us."
"Balancing Work & Life," a weekly column written by Colleen DeBaise for smSmallBiz.com, advises entrepreneurs on how to better balance their lives. Write to her at cdebaise@smartmoney.com .