
Did you know that family-owned businesses comprise approximately 40 percent of the Fortune 500, generate half of the U.S. gross domestic product, and employ half the workforce (Gersick 2)?
Behind the brands we love (like Accuform), are real-life family dynamics. The most successful family-owned businesses are comprised of healthy, unified families, and the strongest families have made a business of developing future leaders from within. So maybe you're thinking about joining the family business. Maybe you're thinking about joining this family business.
The experience of working for a family-owned company fosters familial pride, develops a sense of purpose, and serves as the transitional medium for family leadership and values. However, even if you're not part of a family-owned company, chances are good you do business with one. So, here's some insider information...
Not Just an Employee
At first glance, working for the family business may seem like a legit way of getting a paycheck without having to do any actual work. That couldn’t be further from the truth, at least at Accuform. From the moment they enter the company, family members face several unique obstacles. They must face added pressure from family and non-family members alike. Some non-family peers will be a source of encouragement and guidance. Others may be perceivably envious, cold and critical. The truth is that even if you're smarter and work hard than most, the critics will always be there. It's a battle for respect that can only be won over time... lots of time!
Other conflicts can hit closer to home. Inter-family dynamics can be sensitive within the context of a business. Family members entering the company are exposed to aunts who are aloof, fathers who double as bosses, and siblings who can be very competitive. You thought that game of Monopoly was intense? Wait until you are competing with real money! Try walking into your dad's office and asking for a raise – that’s no walk in the park. Unconditional love is great, but that can’t be how you run your business. Rewards must be based on performance, not entitlement. A fine line must be traversed between love and business, and I’m not going to tell you it’s always easy.
The family business is not for everyone. Never say I didn't warn you! Because of the politics involved, many people never get started. Only 10% of family-owned companies make it to the third generation. Despite the challenges that face family members in the business, the advantages are well worth the perseverance needed to succeed.

It's Bigger Than You
Working in a family business can foster pride (the good kind) in a family’s heritage. For companies that have had multiple generations in leadership, the sense of historical significance can become a meaningful aspect of an individual’s identity. Family-owned companies have a unique opportunity to build relationships within a community. Providing jobs and contributing to local charitable causes help build a family’s reputation and heritage. In the case of Accuform, we have been fortunate enough to not only provide for our own family, but to be able to have helped many other families do the same is a great honor and a privilege. We understand that with great blessings, come great responsibilities, and we have made it a point to reach out to our community in tangible, heartfelt ways. Often, in family owned companies, a culture of generosity, excellence, and integrity define significance. That's something that's bigger than any individual, and it's something for which everyone, family and non-family alike, can be very proud.
Opportunity - Not Entitlement
One of the great benefits of being part of a family owned company is the myriad of opportunities for growth and success. Birthright affords an individual an opportunity to succeed, but it is up to the individual to decide where that opportunity takes them. This standard of excellence can help an individual makes sense of their career track and allows them to better understand the steps needed to succeed. Regardless of the talent level, we believe that family members must earn the right to become leaders within the organization. It’s only natural to offer them the opportunity to succeed, but their success is ultimately determined by the effort they put forth, the skill of their work, and the attitude they bring to their job, day-in and day-out.

Safety is a Family Value
A couple weeks ago, I brought my 7-year-old son, Kamryn, into work for the afternoon. I showed him around some areas of production that he has never seen before. I explained the different products we make and how they are used in facilities all over the country. As I was describing our STOPOUT line of lockout/tagout products, I noticed his eyes light up with excitement. I told him that on the other end of that valve, or breaker, or switch, was a man with a family who needs that valve to remain “locked out” so that he doesn’t get hurt. He made the connection and suddenly it dawned on him, “Dad, it’s a good thing we make these things!” He’s right of course, that’s why we do this. At the end of the day, we want people to get home safe. Now that was a special moment, and I knew that we had some family values transaction take place.
He gets it. How about you?
Who's in the photos?
1. Top left: Wayne Johnson (boy) and Ron Johnson (father), Bottom left: Wayne Johnson (baby) and Veronica Johnson (mother), Top right: Kamryn Johnson (boy) and Matt Johnson (father), Bottom left:Kamryn Johnson (boy) and Brittany Johnson (mother)
2. From left: (top) Brittany and Matt Johnson, Ron & Shannon (my sister) Seiber, Kristel and Paul (my cousin) Johnson, John & Dena (my sister) Murphy
Works Cited
Gersick, Kelin E. Generation To Generation : Life Cycles Of The Family Business. Harvard
Business School Press, 1997. eBook Collection (EBSCOhost). Web. 4 Apr. 2012.