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The Parent Trap The pros and cons of hiring your parents

By Patricia Schiff Estess

Opinions expressed by Entrepreneur contributors are their own.

Entrepreneurs running family businesses hire their parents as consultants or employees for a variety of reasons:

  • The heir to the family business works out a consulting arrangement with a parent so the child can assume the helm while the parent provides occasional counsel.
  • Entrepreneurs looking for reliable assistance tap into the reasonably priced knowledge and dedication of parents who act either as consultants or as trusted employees.

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