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