Ever thought about hiring a family member but worried it might blow up in your face?

Todd Toback tackles the big question: is hiring family a shortcut to loyalty and trust, or a fast track to headaches? Todd shares the do’s and don’ts, from setting clear accountability to creating healthy competition.

If you’re weighing the risks and rewards of working with relatives, this episode offers practical insights to help you make the right call!

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Show notes:

(0:51) Beginning of today’s episode
(1:04) Working with family
(3:48) If you can't hold someone accountable don’t hire them
(6:35) Anybody who works for you as a family member must play at a higher level
(7:38) It’s okay to pay family members 10%-20% above market value
(9:46) You need to create competition

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Resources:

The 4-Hour Work Week by Tim Ferris
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WIP 1596: Hiring Family - Is it Your Secret Weapon or a Recipe for Failure