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Inherited businesses are more profitable.
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[QUOTE="Alexandoy, post: 222292, member: 25510"] My wife's former assistant in the office owns a canning factory that is operated by his parents. The canning is for meat and fish. It is a big business because their products are brought to Manila which is quite far. The business is running good for many years already and Joseph (the son of the owner) said that he is the eldest in the brood so the management will be delegated to him when his parents would retire soon. I would say that an inherited business is profitable in that case. First, the business is already established with the suppliers and the customers. The work force is also in place that the business is managed well by his parents. What more can Joseph ask for except maybe a little training on the management side. By the way, they are Chinese and that's the business culture of the Chinese - a business is for the family. [/QUOTE]
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Inherited businesses are more profitable.
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