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Does hiring a family members determine the success of a business ?
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[QUOTE="Jasz, post: 213061, member: 61772"] There are many opinions on whether or not hiring family members is a good idea for a business. It can be very beneficial in certain situations, but also cause problems in others. There is no clear answer to this question as every situation is different. Does hiring a family members determine the success of a business? For me the answer is yes an a very high no, if there is anything like that. As advantageous as it might be, some family members might try to take more than the company may take, especially if they made no tangible investment. They can also be bossy to other non-family workers and this might be a problem in the work place. You can hire family members but you have to be wise about it, so you avoid these problems. A recent study by the American Psychological Association has found that businesses whose owners hire relatives do not see an increase in productivity or profit. In fact, these businesses were found to be less profitable and more likely to go under. Instead of hiring a relative, companies should focus on their business's value proposition, competitive advantage, and growth potential if they want to succeed. [/QUOTE]
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