Nathan Thibodeau warns that hiring friends or family in a growing business creates relational and fairness risks. Set clear expectations, hold them to the same standard as others, and make sure the whole team knows the rules, because they will be watching.
Hey, everybody. Nathan Thibodeau, bringing you this week's coaching moment. I was just thinking a little bit about the concept of nepotism. I realized that as our businesses grow, we begin to generate opportunity, and we need help. And what better solution for that than to give that opportunity and share those things and gain help from the people that we love and who probably love us. Friends, family, things like that. There's. There's a lot of nuances that go into nepotism, though. If you are hiring people that are friends and family or closer to us. We have relationships outside of business, and we need to be very, very aware of the effects of doing that. Often times the treatment between those people and the rest of our team will seem unfair or we may have double standards for those folks. We want to be very, very clear about expectations and maybe even hold some of those people to a higher standard because you're going to run into complicated relational issues whenever we hire friends into our business. So make sure to share those opportunities with the people around you that you love. But also don't forget that you're being watched, and they're being watched very tightly from people who only have a business relationship with you. So clear expectations, holding people to the same standard across the board, and make sure that those things are communicated amongst your team as well as your friends and family. That's this week's coaching moment.
