RELATIONSHIP REWARDS
OBSTACLES TO OVERCOME
RELATIONSHIP REWARDS
Ken says trust and a familiarity with strengths and weaknesses are the significant advantages to working with family in a business . Family ties also lead to increased investment in the business ’ future . “ We have a shared commitment to the success of the business . This fosters a cohesive team that works toward a collective goal .”
The perks go beyond the business ’ bottom line ; Ken points to strengthened bonds as the pay-off he finds fulfilling . “ Working with family members fosters a sense of camaraderie because of the shared experiences that we would not have otherwise ,” he said .
OBSTACLES TO OVERCOME
Challenges of family members doubling as co-workers include friendly dinner conversations switching to business-strategy debates . “ Suddenly , the dining table becomes the conference table ,” Ken said . “ We have to ensure that business talk doesn ’ t take over our precious family time .”
And when shop talk is appropriate , conducting it correctly is crucial . “ Disagreements are normal , but can be more complicated when family is involved ,” Ken said . His advice : Establish open lines of communication and encourage honest , respectful dialogue . “ We have implemented conflict resolution strategies , such as active listening , seeking compromise and involving a neutral third party if needed ,” he said .
NEXT GEN GOALS :
A primary goal of PMTS is creating a company that will be led by future generations of the Tuck family . To hit this mark , they ’ ve already put a succession plan in place . Ruby will enter “ preferment ” at the end 2026 , meaning she will only work on the PMTS ’ projects of her choice and has no required tasks associated with running the business . At that time , company shares will be distributed among Ken , Kelly and Tiffany , who will take full ownership of the business .
But Ruby plans to stay busy , continuing to work alongside her husband , Kennon , with The Kennon and Ruby Tuck Foundation , which was established to support youth development and education ; to provide single parents with services to help them succeed ; and to support the disadvantaged to help promote selfconfidence .”
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