Regarding the family business there are two points of view:
1. Relatives are not able to organize a successful and thriving business on the strength of the relations between them (trust or, on the contrary, mistrustful).
2. That family members are able to create a consistently progressive structure.
And surprisingly, both views have a solid practical confirmation.
What is the reason for the existence of two opposite answers to the same question?
Causes of failure in family business
The first situation is typical for a failed family business, is created when a family has someone involved in the business – in most cases between family members gradually begins to set to a misunderstanding. A businessman is always busy, he never has enough time for family, he is always secretive, silent and preoccupied, and as that condition turns into his lifestyle and takes a permanent nature, the situation is gradually heating up and start Continue reading