Nike, Anheuser-Busch, Walmart, Porsche all have something in common. What is that? Outside of being globally recognized brands and generating billions in revenue, they are also family owned businesses.

The potential for errors when managing your workforce is high. The likelihood of the errors being costly is just as high. However, this is not necessary. With proper planning from the star, you as an employer can make sure that you understand the following common mistakes and how to avoid them.