Understand that type of business which is organized by relatives, with the subsequent hereditary continuity as family business. However so happens not always therefore family business is subdivided into two views.
- family business in which operating top there are all relatives. Initially it is small firms with the state no more than ten people. The head of the family becomes the head of family business respectively, other relatives carry out the general duties. Minus of family business of a such type can be the fact that family members are not always professionals and fulfill the obligations as are able. Positions here accurately are not differentiated, at a disease of one relative, his place is taken by another;
- family business which purpose, except receiving profit, will be a further continuity. It is possible to carry a number of the foreign corporations which are taking over from generation to generation to such type of family business.
Such financial giants as Wal Mart, FORD corporation, world famous Rothschild and many others will be examples of successful family business of the second look.
The most unpredictable options can become the ideas for family business. For example, you live in the village and you have a lodge there. It is possible to attach a small bath and to be engaged in bathing business closely. And it is possible to design the website with the husband programmer and to get advertizing profit. Options the huge set, just chosen direction will depend only on your enthusiasm, knowledge and opportunities. In fact, the organization of family business not such a big problem, the main thing to approach it intelligently. However in the history of family business there are different options of succession of events.
Pluses and minuses of family business
The trust, first of all, belongs to positive aspects of family business. Many know how much in business spheres plays a role of a unification of all members of the team. For the relatives connected by one purpose it will not be difficulty. Everyone will perfectly know for the sake of what he works from what and profit will be, undoubtedly, above. Besides, trusting each other, communication and outright discussion of problems of family business are crucial. Yes each family member will also work for the good of the children as children are lineal heirs of family business.
To minuses it is possible to carry almost the same, as to pluses. On the one hand, you each other trust, but on the other hand, it will be more difficult to that to tell any relative that he does not pull that work what performs. Having told such things if at this moment you will be in anger, you can lose not only the employee, but also communication with this relative, or perhaps and with several. Now we will consider inheritance - it is very controversial issue, especially, when it is several children. How to make so that then successors did not squabble because of a management chair? It is worth thinking of it.
And still, it is necessary to be able to differentiate spheres of business and family. It will be impossible if you do not have also house an opportunity to have a rest as all family members will be continuously busy with discussion of business problems. By the way, refer to problems of family business also some arrogance which can begin to develop at some of your family.
For this reason, thinking how to start family business, before think – and whether you will manage to endure family those more moral tests which are coming you?
Remember the primogenitor of Wal Mart. Such family business can become for you an example as it made the set of rules not to offend each other. These standards of behavior said that it is important to listen to everyone, to treat with respect, to share equally, to appreciate and praise achievements of others. At the very beginning of your, maybe, house family business, sit down all together, family, talk frankly and solve for yourself whether you are ready to work for the sake of one purpose.