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10 Years in a Family Business:


                       Lessons Learned

















                        By Ryan Leiterman, D.V.M.
                        Director of Technical Services
                        I spent nine years in
                        college before entering
                        what my dad refers
                        to as the real world. It
                        was only after college
                        that I realized how
                        little those nine years
                        had prepared me for the road that lay ahead.   and friend. Ed had regularly scheduled visits
                        For the past 10 years I have been fortunate    to our office every quarter. On one of those
                        enough to work alongside my parents in our     days, he arrived about an hour after my dad
                        family business. I’ve learned more during      and I had a big argument. He could tell that I
                        my time in the family business than I did in   was upset so he came into my office and shut
                        all those years of college. I’ve also learned   the door. The conversation went like this:
                        a lot from working with our clients and their   Ed: “It’s pretty obvious that something is
                        family businesses. Below are three of the
                        most important lessons I’ve learned so far.    bothering you. Want to talk about it?”

                                                                       Me: “Sure, but there is not much to talk
                        Lesson #1 from Our Accountant:                 about. My dad drives me crazy. I swear
                        Disagreement Among                             he must be the most stubborn person on
                        Business Partners Is Normal                    the planet. Honestly Ed, I’m not sure I
                                                                       am cut out to work with my parents.”
                        and Necessary
                                                                       Ed sat there for a while without
                        Ed was our accountant from the day my          saying anything. Looking back at our
                        parents started Crystal Creek® to the day he   conversation I am not sure if he was
                        died, 3 years ago. Ed filed our taxes but he   just giving me time to finish fuming or
                        was really a trusted business advisor, confidant   possibly giving a long pause for...





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