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Family Business

What Is Family Business ?

 Family Business can be defined as two or more members


of the same family are directly involved in managing the
business.
 Ownership control passes from one generation to another.
What are pros and cons of running
Family Business ?
Pros of Running a Family Business:

 Greater Incentive To Work Hard.


 You Know What You’re Getting.
 Shorter Learning Curve.
 Work Schedules Can Be Adjusted.
 More Relaxed Environment.
Cons of Running a Family Business:

 Family Can Be Distracting.


 Hard to Separate Work and Home.
 Your Business Could Be More Vulnerable.
 Too Many Chiefs.
 Negative Feedback Not Taken Well.
Thank You

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