Israeli Families Thrive by Blending Business Acumen with Familial Bonds
Translated & summarized from Ynet by baba
Several Israeli families have successfully integrated their personal and professional lives, building thriving businesses through clear role division, mutual trust, and open communication. These family enterprises span various sectors, including food, fashion, technology, and manufacturing, demonstrating that familial bonds can be a strong foundation for business success when managed effectively.
The story in 5 lines · by baba
- Israeli families are successfully blending business and family life.
- Clear roles and mutual trust are key to success.
- Disagreements are handled professionally, not allowed to damage relationships.
- Some families keep work separate from family time, others don't.
- Strong familial bonds can be a foundation for business growth.
Several Israeli families have successfully navigated the challenge of merging family life with business operations, building successful enterprises through collaboration and shared responsibility. These families emphasize the importance of clear role division, mutual trust, and respect to maintain both professional success and strong familial relationships.
The the factory manager family, whose journey began with a small bakery, now operates a national chain of patisseries. Four siblings, Miki, Galit, Ofer, and Yochai, work together, managing different aspects of the business from pastry creation to finance and operations. Despite occasional disagreements, they strive to keep work discussions separate from Friday family dinners, with Miki noting their ability to argue freely and then move past it because they are family.
Itay and Yael Arbiv, founders of the rapidly growing fashion chain Itay Brandeis, attribute their success to clearly defined roles, with Yael managing women's fashion and Itay handling men's. They emphasize mutual trust and the ability to leverage each other's strengths, acknowledging that their personal and professional lives are deeply intertwined.
The Rotem family established Cyvore, a cybersecurity startup, inspired by a personal need to protect family members from online scams. Yiftach, Yoav, and Ella Rotem, siblings, work alongside a non-family CEO, maintaining professional collegiality and direct communication. They believe that while disagreements can be direct due to their familial connection, they are ultimately resolved professionally.
Sisters Alona and Daniela the co-CEO built the fashion brand Seestarz, initially funded by a small inheritance. They have a strong connection and a natural division of labor, with Alona handling marketing and logistics and Daniela managing finances and organization. They feel that being family allows for a level of trust and lack of ego that external partnerships might not offer.
The Dr. Fisher conglomerate, known for brands like Polydin and Ultrasol, was founded over 60 years ago by Dr. Eli Fisher and his late wife. His daughters, Nurit Harel and Sigal Bar-On, now co-chair the company, adhering to Dr. Fisher's principle that the next generation must prove themselves and gain external experience before joining the business.
Aviv Kitchens, an empire founded by Yitzhak the HR VP, now includes his wife, son Yoni, daughter Esti, and son-in-law Roi Levy. While Yitzhak remains the ultimate decision-maker, a professional management team is in place. They acknowledge the challenge of maintaining boundaries between family and business but emphasize knowing when to act as managers and when to simply be family.
The Schnitzer diamond family business, spanning three generations, emphasizes passing down knowledge, values, and experience. Shmuel Schnitzer and his son Shai, along with Shai's wife Tal, work together, valuing open discussion and mutual respect to navigate differences and drive innovation.