Some people think that the best way to run a business is within the family. What are the advantages and disadvantages of a family run business?
There are speculations that a
business
is more successful when it is being operated within the family. It is pertinent to note that every individual is gifted differently and passion differs. For instance
a family is into farming on a large scale but
Accept comma addition
scale, but
that is
not a determinant for every member of the family to be passionate about that business
. When such
a person is being compelled to succeed in the business
, it tend
to result to a case of mismanagement.
Suggestion
tends
On the other hand
, it usually favor
the generations that are involved because the job is readily available as soon as they graduate from college. Suggestion
usually favours
usually favour
Also
, it is believed that an outsider might not understand the rudiments of running a business
successfully compare to an individual that was groomed in the business
at a tender age.
By way of conclusion, the success of a business
is based on how passionate the other members of the family are towards it and how well they understand it.Submitted by Pat on
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