some people think that the best way to run a business is within the family. What are tge advantages and disadvantages of a family run business?

Successful

businesses

are run around the world following different models.Many rich families collectively own some of the most successful ventures around.Pros of having a business within the bloodline include better mutual understanding and trust among its partners while the greed of succession may be

one

of the cons. On the

one

hand,family-owned trades offer a number of advantages.

One

of these includes better understanding and coordination among the

members

.Families usually have a better understanding of themselves as compared to strangers.For

this

reason,we usually observe many fallen partnerships between strangers but rarely within the bloodline.

Similarly

,another factor that gives family-owned

businesses

an upper hand is trust.Usually,it takes time to trust someone new while trusting a blood relative is easy and chances of betrayal are

also

quite low.

Thus

,a trade that stays within the bloodline usually prospers better.

On the other hand

,some ventures owned by families

also

face issues that may trouble them.The greed for succession and power is

one

of the major issues faced by the trade shared by the tribe.Desire to lead usually gives birth to acrimony and rift between the family

members

making their relations acerbic.

For example

,some very successful

businesses

were torn apart because of

this

greed among the

members

.

Hence

,family ventures,

however

successful they may be,may attract greed for leadership and power as well. To conclude,

businesses

shared by tribes may have their pros and cons,but ,

clearly

Add a comma

,clearly

show examples

their pros easily outweigh the cons.For family-owned

businesses

to prosper,the

members

should let go of greed and give way to mutual respect and support.