CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Doing business with dad

These five father-child teams say starting a small business together was a leap of faith, but they all agree that the secret to their success is trust.

Bob and Rean Stucker
Bob and Rean Stucker
Business: Mexican restaurant

Before Bob Stucker, 48, opened his first Panchero's Mexican restaurant in Florida in 2006, he asked his daughter, Rean, if she would partner up with him. "I wanted Rean to come into business with me," he said, "so she could handle all the operations and I'd take care of the real estate and the architects and the builders."

But Rean was unsure at the outset. "Initially I was nervous, but there was some comfort in knowing that I would be doing it with my dad." So she agreed and since then the twosome have opened four additional locations and inked a 17-restaurant deal to spread the franchise across Central Florida.

The secret to their success according to Bob: "I can trust her," he said, but the downside is that "it's not an employee, it's also my daughter."

"Sometimes I want to say something but that can be perceived as overcritical or she can come back at me and it goes back and forth."

"I think people automatically assume, because you are working for your father, that it's going to be easy," Rean said. "But it also gives me something to work for because I have something to prove, not just to my boss, but to my dad as well."

Gary and Eric GrefRath

Bob and Rean Stucker

Mike New

Jim and Tom Dozios

Rich, Todd and Jeff Perry
When stay-at-home-mom Tracy Brennan couldn't find a good store for skin products she started her own; now her business is growing blemish-free. (more)
Many warn against going into business with friends or family, so why not partner up with someone you don't know? Here are some people who did just that - and highly recommend it. (more)
For some entrepreneurial couples, starting a business together can provide the best of both worlds, but it doesn't come easily. (more)
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.