There are two different theories about the family business. According to one of them, it is believed that relatives cannot create a successful business, due to excessive trust or, conversely, due to incredulous relations. However, there is another theory according to which people who are in family ties are able to organize a prosperous business.
The main reason for the failure in the family business is the conflict of the businessman with other family members. A person engaged in business is most often constantly busy, silent and hidden. Constant scandals and non -understanding gradually glow the atmosphere in the family. In this case, the businessman makes a decision, and offers to enter the business members of his family. Assuming that this action will rally the family and establish mutual understanding. This is an erroneous opinion, since from this moment the situation has acquired even more serious problems. Often a businessman is dissatisfied with the work of his relatives, and they, in turn, suffer from a lack of attention.
Another reason for conflicts in the family business is the lack of authority in relatives in each other’s eyes. The desire of one of the family members to organize business is accompanied by ridicule, and the rest are watching this process to make sure of the failure of the whole matter. In this case, it is recommended to thoroughly prepare relatives for the upcoming case. And after that offer cooperation.
Another reason for conflicts in the family business is not the ability to separate business and personal relations. Lack of understanding and compliance with the rules and laws of business leads to contention and destruction, both business and family.
It often turns out that in the team they accept a person who does not correspond to her and does not have the necessary knowledge and qualifications to a particular position.
The advantage of the family business is that most of the profit remains in the family. Each family member is interested in his own and other people’s results. Invested funds with family business are returning much faster. Usually in the family business there are no disagreements that would lead to serious financial losses.
To avoid conflicts in the family business, draw up charter documents in which the rights and obligations of all family members will be registered. Having secured a position for each business participant, draw up job descriptions. Do not impose on anyone your idea of family business. Participation in the project should be voluntary, only in this case you are guaranteed success.
