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Does hiring a family members determine the success of a business ?
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[QUOTE="Kingsley, post: 213267, member: 30278"] To me business does not grow on sentiments, I have heard this saying over and over again that there is no friend or family in business . And over time I have always find this statement to be true. The implications of that statement is that we shouldn't consider family ties or friendship when making business decisions, if we do introduce that into our business decision making process we may end up making a very poor business decisions as a result of that. Business decisions should be informed based on the current realities and based on competence. Nepotism should not be the foundation of our decision making process else will may end up regreting our decisions. I have seen situations where some people made their family relates the head of management body in their business venture and things went smoothly only because those people were truly serious and dedicated. And I have also seen where people handed over their business ventures over to their family members who truly lacks the technical know how on how to even manage a family let alone a major business organization. And within a short space of time they ran the business to the ground, so what matters in making a choice as to who will manage the business should be based on competency. [/QUOTE]
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