Jason Feifer, editor-in-chief of Entrepreneur magazine and author of the novel, “Mr. Nice Guy,” told Bold Business the only way to successfully work with a family member, friend or spouse is to establish distinct roles and responsibilities.
“Somebody’s got to be the leader…somebody has to say ‘this is ultimately the right the decision,’ because otherwise you’ll just go back and forth forever,” Feifer said.
Feifer pulled insights from a recent survey Entrepreneur magazine conducted and from firsthand experience after co-writing the novel with his wife.
He added, “You have to understand what each person brings to the partnership.”
Watch above or on our Facebook page.