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
Suggestion
tends
to result to a case of mismanagement.
On the other hand
, it
usually favor
Suggestion
usually favours
usually favour
the generations that are involved because the job is readily available as soon as they graduate from college.
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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