Family business dos and dont's

Family business dos and dont's - http://www.mainstreet.com Avatar Posted by ShawnHessinger under Management
From http://www.mainstreet.com 4259 days ago
Made Hot by: on July 9, 2009 5:04 pm
A small business may also be a family business and, if so, trouble can ensue if care isn't taken from the start. Family rivalries and dynamics finding their way into the business environment, unclear job designations and uncertainty about each member's contributions are only some of the problems that may come up. As a result, like any other business, clear designations should exist defining responsibilities and the process of decision making. This article clearly outlines some ideas that should at least be considered while operating or better yet before starting a family business.





Comments


Written by lyceum
4259 days ago

I have worked in a family owned business and you could experience the challenge of the next generation of family members taking over from the previous one.



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