Mother Daughter Duos
Article Resources
El Rancho Trading Post Gift Shop
303.526.0050
ElRanchoTrading.com
Just the Thingv Atlanta
Columbia, SC
Athens, GA
High Point, NC
Key Resources, LLC
617.577.0044
FamilyBusinessConsulting.com
Serendipity Design
Greendale, WI
414.423.1782
SerendipityDesign.MoonFruit.com
Advantages
For mother-daughter business owners, running a gift shop together offers many advantages. Each woman gets to work with someone she truly loves and trusts. There’s often the added virtue of flexibility they offer each other to meet personal needs, such as a daughter who needs a flexible schedule to care for school-age children, that another partner may be reluctant to accommodate.
According to Jane Hilburt-Davis, a family business consultant and president of Boston-based Key Resources LLC, the key to success for mother-daughter duos is establishing individual roles and responsibilities, outlining goals, keeping family and business issues separate and understanding how to manage conflict, much like any other successful partnership.