Many people believe that family business is the good way for running a business. First, this easy will be write about the pros of the family business and secondly, this easy will be discuss about the cons of the family business.
On the one hand, family business is the image of loyalty, reputation and culture of the family. For instance, all the member of the family stick together in the difficult time without looking for new jobs. They help each other in case of any need for example, Anil Ambani one of the top business man help his brother because of its surname as it will affect his business also. Moreover, all the member of the family has common goal therefore they work hard to make their business successfully.
On the another hand, there are lots of cons are there in family business. One of the common problem is disputes among the family member. For instance, Jaypee construction company is one of top most company in 2010 but due to the schism between the brother the company fallen into debit. Another disadvantage is most the discussion will be take through emotion due to which many organization or company become loss in their business. Running a family business from one generation to another generation will not be as successful as early. For example, younger generation will more irresponsible and immature and their discussion will effect business and over that they will not that much eager like their elder to make their business successful.
In conclusion, running the family business have pros like loyalty, culture, reputation along with that it has cons also like schism, emotionally taken discussion, misunderstanding.
Many
people
believe that
family
business
is the
good
way for running a
business
.
First
, this easy will be
write
about the pros of the
family
business
and
secondly
, this easy will be
discuss about the
cons of the
family
business.
On the one hand,
family
business
is the image of loyalty, reputation and culture of the
family
.
For instance
, all the member of the
family
stick together in the difficult time without looking for new jobs. They
help
each other in case of any need
for example
, Anil
Ambani
one of the top
business
man
help
his brother
because
of its surname as it will affect his
business
also
.
Moreover
, all the member of the
family
has common goal
therefore
they work
hard
to
make
their
business
successfully
.
On the another hand, there are lots of cons are there in
family
business
. One of the common problem is disputes among the
family
member.
For instance
,
Jaypee
construction
company
is one of top most
company
in 2010
but
due to the schism between the brother the
company
fallen into debit. Another disadvantage is most the discussion will be
take
through emotion due to which
many organization
or
company
become loss in their
business
. Running a
family
business
from one generation to another generation will not be as successful as early.
For example
, younger generation will more irresponsible and immature and their discussion will
effect
business
and over that they will not that much eager like their elder to
make
their
business
successful.
In conclusion
, running the
family
business
have pros like loyalty, culture, reputation along with that it has cons
also
like schism,
emotionally
taken discussion, misunderstanding.