How to start and run a business with a family member

Cover image for S4E4 of the Start Your Own Business podcast titled How to start and run a business with a family member with Fiona Graham as our special guest

There are more than five million family businesses in the UK. They employ 14.2 million people and generate a quarter of UK GDP. Many people who start a business do so with a family member, whether their spouse, partner, sibling, son or daughter or other relation. And although there can be many pros to going into business with family – there can be cons. So, what’s the key to getting it right so that the business is successful and family relationships are safeguarded?

We speak to Fiona Graham of Family Business UK (formerly the Institute of Family Business), who provides tips that could also help you if you’re thinking of going into business with a colleague or friend.

Show notes

Starting and running a family business

Resolving problems in a family business

Get support

About our expert

Our guest is Fiona Graham, director of external affairs and policy at the Institute for Family Business (IFB). The IFB is UK’s largest dedicated family business organisation, championing and representing their members since 2001. They want to help shape a more prosperous and sustainable future for generations to come.

About our sponsor

Thanks to Dell Technologies for sponsoring series four of the Start Your Own Business podcast.

Dell has what you need to start, scale, and succeed, including end-to-end tech solutions to boost productivity and maximise security so you can focus on innovation.

Our partnership with Dell means you get top products at special prices and a personalised consultation from a dedicated tech adviser who will get to know the goals of your business. Find out more by emailing the Dell for Startup UK representative at [email protected].

What next?

To make sure you don’t miss an episode:

  • Find “Start Your Own Business” on your podcast app of choice and hit the subscribe button – we recommend Apple Podcasts and Spotify
  • Subscribe to our newsletter

To get tips, support and inspiration from other small business owners:

Click to find and listen to the Start Your Own Business podcast on Apple Podcasts, Spotify or Amazon Music