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Is there anything difficult in managing a family business.
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[QUOTE="TOZZIBLINKZ, post: 267150, member: 37528"] Family business or not , all businesses are being managed and controlled in the same formula and in the same strategy . And although there are several routes majority of business organisations may follow to achieve its business success and prosperity but he yet it all channels to one thing , which is literally the fact that a business must be able to track it profit and its losses because the inability for a business to track it profit and it losses would leave it in a void of actually not been able to identify whether it is running on a profit or running of the loss . Secondly when managing and operating a family business you should not , in any way try to let your family peer pressure to force you to do something you cannot bear . Pressure from family members can totally hinder you as a family business successor and sometimes the weight of this pressure can make you do unnecessary things . [/QUOTE]
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Is there anything difficult in managing a family business.
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