![]() ![]() Meanwhile, there are also disadvantages of allowing families to participate in a business. Secondly, when families are part of a business, every will have an insight to what the family financial status is, thus, every individual or collective budget and expenses proposed will be considered according to the financial strength of the business. When each member feels their contribution to the business matters, they will strive to make a positive impact to the growth of that establishment, such member will be overwhelmed to put in more effort, and by so doing, the family will be more united and individual self-esteem will be boosted. ![]() Firstly, having a business settings that involve members of the family gives each and everyone of them a sense of belonging and responsibilities in the quest to achieve a common family goal. There are quite a number of benefits associated with having a business that is managed by family members. This essay will discuss the cons and pros of having a family centred business. Some people school of thought believe that involving members in a business settings is the most credible way of running such business. The goal and objective of owning a business can be met in various ways.
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