Family companies are not new and rare nowadays. Some people prefer this kind of business, another prefer to work in unknown group of people. So what is good and bad about it?
First of all, family business is based on absolute trust between companions. For example, a wife commits all the financial book-keeping to her beloved husband because she knows him very well and trusts him as herself. As all the money goes to the one family, all the members can plan how to increase their capitals. I think it is very effective because they combine actions in order to reach their common goal.
But with some time these advantages may be ruined. Business is a well-counted and “cruel” way to turn everything to highest possible advantage. It is made with the one goal: to make a huge wealth. This aim makes people very selfish, so they forget about everything. And this case can happen with family business. Yesterday companions can turn out to be today rivals and even enemies. Several years ago there was a case about such kind of business. One not very big company was owned by a father, son and uncle. The son was an ambitious young man who’d like to make himself a career really fast. He needed the uncle’s share holding because he wanted to be on equal terms with his father. At first, the young man tried to ask him to give the shares deceiving that the company became noncompetitive on the market. However, the uncle refused and was shot by the nephew, whom he had brought up.
Nowadays the family business can not be suitable form of business. Time is changing, and people in the business world are getting greedier. This kind of people is ready for everything to get all the money. So even blood relations is sometimes nothing for this cruel world, where money determines everything.
First of all, family business is based on absolute trust between companions. For example, a wife commits all the financial book-keeping to her beloved husband because she knows him very well and trusts him as herself. As all the money goes to the one family, all the members can plan how to increase their capitals. I think it is very effective because they combine actions in order to reach their common goal.
But with some time these advantages may be ruined. Business is a well-counted and “cruel” way to turn everything to highest possible advantage. It is made with the one goal: to make a huge wealth. This aim makes people very selfish, so they forget about everything. And this case can happen with family business. Yesterday companions can turn out to be today rivals and even enemies. Several years ago there was a case about such kind of business. One not very big company was owned by a father, son and uncle. The son was an ambitious young man who’d like to make himself a career really fast. He needed the uncle’s share holding because he wanted to be on equal terms with his father. At first, the young man tried to ask him to give the shares deceiving that the company became noncompetitive on the market. However, the uncle refused and was shot by the nephew, whom he had brought up.
Nowadays the family business can not be suitable form of business. Time is changing, and people in the business world are getting greedier. This kind of people is ready for everything to get all the money. So even blood relations is sometimes nothing for this cruel world, where money determines everything.
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