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Business strategy
Involving family and friends in your business
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[QUOTE="Kendy, post: 215729, member: 63869"] Involving family and friends in business is not an easy venture. It is best to open two business and tender one for the family to run a d you run your own separately. Business is not a place where you compromise although there are still some business that thrive when operated an a family level but I do not support this for myself. In your personal business, when once you partner with an acquaintance, then you should always remain open-minded that anything is uncertain and challenges will definitely occur in the short or long run. I am not outrightly stating that it is sacrilegious to venture into business with family members, my point is that, if you are operating a personal business, then keep family out of but if it is a joint family partnership, then you can go ahead. You can run or conduct a research to ascertain how many business ventures were able to thrive with the inclusion of family members and you would see that the percentage would be low compared to the ones that was operated on an individual level or a third-party that is not related by blood. Business should always be devoid of sentiments, affiliations and emotional attachments if it hopes to operate on sustainability. [/QUOTE]
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