The locksmith industry is notorious for family owned shops, and even family owned distributors. Often the family business began by Grandpa or Dad, and family members have joined in to become a family affair, often dad and child. If you’re the dad, maybe you’ve seen your child seeking your approval over the years. After all, you’re the wise and all knowing one (or at least that’s what your child thinks).
In the locksmith industry, many many shops are family owned, and are even working through the “next generation” training. Many of these shops thrive when the duo or even trio of family working intertwined work so well together. How often do you hear the locksmith industry shops with a third, fourth, even fifth generation of family ownership? Here’s some great reasons why parent/child family owned and operated locksmith shops work well:
1. The Skill Set Balance: You each have something the other doesn’t, and often you don’t have the wish to clone yourself because your child is the clone – so to speak. Often with the Generation X and/or Serpent Society (those born after 1980) are more tech-savvy. Trading knowledge is important, but so is trust. The odds are better that your father or child has a valuable skill that you don’t, one that could help add to the success of the business.
2. I’ve Got Your Back: When you are family owned, liking the family members has a perk especially when long hours create both highs and lows. When a strong relationship already exists, you know your family members have your back, and visa versa. Putting in long hours together also builds a personal relationship you might not otherwise have.
3. You Know Your Business Partner From Day 1, Really Well. When you work with family, you already know the strengths and weaknesses, as well as the history of getting to know the person. It doesn’t mean you won’t hit a few bumps in the road, but you do know what to expect. Take a long, hard look at the current relationship before you merge together as a team. If there are many signs pointing towards conflict, it’s best to not join forces. It is important, though, to sit down and outline expectations and responsibilities before tension arises. Setting ground rules up front will make the transition easier.
© Copyright IDN, Inc.
Kathleen Kempf is the Marketing Manager at IDN-H. Hoffman.