Ben Madilynn
Former WWE Chairman Vince McMahon recently shared a piece of advice for all business families.
World Wrestling Entertainment aka WWE has been a family-run business for several years now. However, its former chairman Vince McMahon recently advised other businesses to not involve their families.
McMahon bought the promotion from his father and turned it into a multi-billion dollar business. He also utilized his wife Linda McMahon, son Shane McMahon, and daughter Stephanie McMahon in several television rivalries. However, he recently revealed how it can lead to strains and tensions in the family.
On Netflix’s ‘Mr.McMahon‘ docuseries, Vince McMahon shared that when a family member tries to impose their vision in the business, it can lead to an unfortunate end.
Everyone has to understand their place. When a family member thinks, ‘Wait a minute. I’ve got this…’ They don’t quite have the vision as someone who’s grown and created a business. They have a different vision, and it may work, but you know what? We’re gonna go with my vision. I would advise anyone, don’t bring your family into the business. It’s brutal. Somewhere along the line, it’s going to explode.”
H/t Fightful.com
Despite his recent advice, fans have witnessed McMahon work both on-screen and behind the camera with his immediate family members and help the promotion grow.
Vince McMahon Was Once Worried About WWE’s Future
In the same Netflix docu-series, Vince McMahon opened up about a time when he was concerned about his promotion’s future. The former chairman believed that the launch of Nitro, and its head-to-head collision with Raw was trouble, and could even put his promotion out of business.
As soon I heard they were going to go head-to-head, that was like, ‘Oooh, oh. We’re in trouble. I don’t know what’s gonna happen, but it won’t be good or it was gonna put us out of business, quite frankly.”
Although, despite WCW’s good start it failed to defeat the Stamford-based promotion, and was eventually bought by McMahon in 2001.
In other news: Cody Rhodes lost his top-merch seller spot to a shocking winner.
