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Business strategy
Involving family and friends in your business
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[QUOTE="Alexandoy, post: 216135, member: 25510"] In the olden times the so called family business was very popular. One proof of that is the trade or business name that includes the word "sons" like Smith and Sons as proclaimed by the billboard. Most of the Chinese business owners here have a family business where the patriarch is the head and the children are the supervisors of managers. The richest family here has varied business interests and all those are controlled by the family, that is the father and the children. I don't see anything wrong when you include the family members in the business as long as everyone will be working for the good of the business. Sometimes a family member is there for the freebies only and he would depend on the siblings to work hard. That kind of family member is a liability to the business. With friends, the same is applicable that when a friend is not beneficial to the company anymore then he should be removed. [/QUOTE]
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