12 Tips for Running a Family Business

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Plus, reset team expectations, empower your people, and run meetings that save time.
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[Family Business Tips](https://www.ramseysolutions.com/business/going-into-family-business?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)

12 Tips for Running a Family Business

Going into business with family can be amazing . . . or it can be the fastest way to ruin Thanksgiving. The truth is, most family businesses fail for predictable reasons: unclear roles, poor communication and emotional decision-making. But it doesn’t have to go that way.

So how do you protect the relationships that matter most while building a thriving company?

These 12 tips will help you avoid the most common pitfalls and build a family business that strengthens your relationships instead of straining them.

[See the 12 Tips](https://www.ramseysolutions.com/business/going-into-family-business?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)
 

[Coaching That Drives Business Growth](https://www.ramseysolutions.com/business/entreleadership/elite-coaching/advisory-groups?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)

Your Business Can’t Grow Until You Do

You don’t have to wing it anymore. Advisory Groups connect you with a Ramsey-trained coach and a trusted circle of business owners who help each other solve their biggest challenges and grow their companies together.

Get unstuck. Then take your business to the next level.

[Explore Advisory Groups](https://www.ramseysolutions.com/business/entreleadership/elite-coaching/advisory-groups?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)

 

[The EntreLeadership Podcast: ](https://www.youtube.com/watch?v=3sqGLkCjZpU &utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)
 
[What Does Dave Say About Team Accountability?](https://www.youtube.com/watch?v=3sqGLkCjZpU &utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)
 

When half the team doesn’t show up, the leader carries the load. Dave Ramsey explains why small teams need a self-employed mentality and why resetting expectations may be the only way forward.

 

 

[From the Playbook](https://www.ramseysolutions.com/business/employee-empowerment?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)
 
[12 Ways to Empower Your Team](https://www.ramseysolutions.com/business/employee-empowerment?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)
 

If everything depends on you, your business will hit a ceiling. But when you trust your team to think, act and take ownership, the whole business moves forward. Discover how to [empower your people to unlock growth](https://www.ramseysolutions.com/business/employee-empowerment?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026).

 

 

[The EntreLeadership Podcast](https://www.youtube.com/watch?v=NPV4mGJZojI&utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)
 
[Could My Growing Business Divide Me and My Wife?](https://www.youtube.com/watch?v=NPV4mGJZojI&utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)
 

A leader is about to own half of his family business. But his wife still sees it as his parents’ company and wants no involvement—even as the financial risk becomes theirs. Dave Ramsey explains why your spouse should weigh in on all major decisions. Listen on [YouTube](https://www.youtube.com/watch?v=NPV4mGJZojI&utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026), [Spotify](https://open.spotify.com/episode/6trm0YdfUxSC9KyG4PTq2e?si=dP6cfzuHREqAO8L1sBGB7w&utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026) or [Apple Podcasts](https://podcasts.apple.com/us/podcast/the-entreleadership-podcast/id435836905?i=1000753545925&utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026).

 
 

[For Elite Members](https://www.ramseysolutions.com/business/entreleadership/elite?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)

Stay on Track With the Right Weekly Meetings

You might hear more meetings and think, Who has time for that? We get it. But the right meetings can actually save you time because they:

- Prevent confusion
- Keep teams aligned
- Stop constant fires

Join [Elite University on Thursday, April 2](https://www.addevent.com/event/jX27024830?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026), for a live, virtual session with an expert EntreLeadership® Coach. You’ll learn how to establish a few weekly meetings that keep your team unified and your weeks running smoothly.

Not an Elite member yet? [Explore EntreLeadership Elite](https://www.ramseysolutions.com/business/entreleadership/elite?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)™ and get tools, coaching and community to grow with confidence.

 

Other resources you might like:

- [Explore free tools, guides and templates](https://www.ramseysolutions.com/business/entreleadership/resources?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026) built for business leaders.
- [Join thousands of growth-minded leaders](https://www.ramseysolutions.com/shows/summit-sample?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026) at EntreLeadership Summit.
- [Book a call](https://www.ramseysolutions.com/business/entreleadership/elite-coaching?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026) to find the right coaching plan for your next stage of growth.

[Ramsey](https://www.ramseysolutions.com?utm_source=newsletter&utm_medium=email&utm_term=entreleadership_bu&utm_campaign=enl&utm_content=entre-30846_enl-03-27-2026)

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