Eric Siu explores whether running a business is like parenting. One speaker argues employees act like children, while the other counters that you can't fire your kids, highlighting the key difference between managing people and raising a family.
Do you see running a company is somewhat similar to having children? No, very different. That's so interesting. You're the first one to decline, and I thought you were going to decline, but all my other friends say it's very similar because I still think we behave like children. I'm pointing at you and me right now. I think we're all children, right? If there's a parent above, like they're going to ask for different things and all that, they're going to see what they can get. That's why I say it's kind of similar, but I don't have kids, so I don't know.
It's very different. And here's why. When you have kids and they do stuff that you hate and they don't listen to you, you can't fire them. You can't fire them.