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?

It requires numerous hands to run

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industry and people believe that no one can do a better job at it apart from family members, whereas, others opine

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very notion. The given statement has its merits and demerits which would be discussed in the forthcoming paragraphs.

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with, having loved ones involved in the

business

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is fruitful to the work because they all know each other very well and have a better understanding as compare to outsiders.

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, it is easy to make decision-related to

business

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when there is a greater agreement among partners, without worrying much about the outcome, owing to the family bond. Work vibe turns into a homely environment when there is transparency among the team.

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, it is clear that having family involved in occupation is the best way to run it.

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,

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is definitely not the best foot forward to have family in the occupation because there may be conflicts among them on the idea of how to run an organisation.

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, the new generation definitely has a new approach to move things at the job to which older folks may not agree.

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cases may bring

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harmful result to the

business

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and to personal relationships.

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, it is apparent that having loved ones in the profession may lead to downfall to personal and professional life. To conclude,

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the family

business

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has many advantages like trust and loyalty only when everyone understands their job without interfering in each other work and look forward to the growth of the team.