Working for a family business can be a great way to start a career. What you...

Working for a family business can be a great way to start a career. What you might lack in pay and benefits, you gain in responsibility and creativity.

Would you ever consider working for a family based business? Perhaps you already have some experience in this arena.

Tell us why you would or would notwant to work for a family based business.

26

please not exceed 150 words

Expert Solution

I will not want to work for a family based business because of reasons associated with lack of independence in the working of employees and it will also mean that there will be a lack of creativity as well as we will be assigned with routine task that will not provide me with the scope of growing up on my existing abilities and it will also relate to conflict of interest to a large extent because there will be a personal relationship along with a professional relationship so it will be a complete conflict of interest of personal in nature and professional in nature.

Family owned business provide at the benefits of better understanding but it will also be the leading to imposition of such tasks which are not resulting into any kind of value addition to the employee and it will also mean that lack of performance of those task will be leading to to bad relationship management at the personal level so performance in the professional life will be affecting the relationship in personal life.

Hence, I will avoid working for a family business because I will not be having appropriate independence and I will not be having appropriate scope of enhancement of my existing abilities and it would be leading to bad personal relationship management and conflict of interest to a large extent.

jeff jeffy answered 2 years ago

These questions for human services worker career 1- what can you derive in the way of...

These questions for human services worker career 1- what can you derive in the way of personal satisfaction from this job? 2- how is supply and demand projected to shape up in the future for this occupational area? 3- what are the key sources of job stress for your future career?

While government funding and grants can be a great way to launch an entrepreneur’s dream business,...

While government funding and grants can be a great way to launch an entrepreneur’s dream business, why is this source of funding not optimal for the development of venture capital markets? Crowd funding is suitable for what type of startups and how is ownership structure organised with this type of funding?

Assume that you are working in a chosen business as a Financial Accountant and start applying...

Assume that you are working in a chosen business as a Financial Accountant and start applying the 9 steps of the accounting cycle in it.

when you start business what are the project risks and what can you do to reduce...

when you start business what are the project risks and what can you do to reduce them?

Imagine that you want to start your own business of selling burgers. You are however working...

Imagine that you want to start your own business of selling burgers. You are however working on a salary in some other cafeteria. You make a budget and see that you might have to incur the following expenses to run a cafeteria. __1. Imagine at least five variable expenses and five fixed expenses of your choice (can be more). __2. Imagine a Sales Price for your burgers. __3. Also imagine some basic drawings or salary for yourself as you are...

It will always make economic sense for you to start a business if your business can...

It will always make economic sense for you to start a business if your business can make economic profit. How does economic profit differ from accounting profit? Have you ever considered starting a business? If you were to start your own business someday, describe the revenues and costs you would consider (make sure you are describing economic profit in your analysis). please type answer

Describe one way you could use Institutional Theory to make your own career in business management...

Describe one way you could use Institutional Theory to make your own career in business management more successful

What are the values of genograms in working with a family? How might you use a...

What are the values of genograms in working with a family? How might you use a genogram in working with members of a family? Then think about the the concept of triangulation, how might it need to be modified to fit certain cultural contexts? Many family therapists view triangles as being problematic in a family. Can you think of cultural situations where triangles may be appropriate?

Goldin's (2014) hypothesis that family demands cause working women to suffer large mid-career wage penalties is...

Goldin's (2014) hypothesis that family demands cause working women to suffer large mid-career wage penalties is based on Group of answer choices employers paying an hourly wage premium for long and inflexible hours for all workers. low-quality day care. employers discriminating most against women with children. the emerging female-male schooling gap; that is, that women are more-educated than men in younger cohorts of workers.

Family business has several challenges,can you tell me some of them that will cause a family...

Family business has several challenges,can you tell me some of them that will cause a family business to fail? Research-Look up stories on the family run business,Forever 21.It is a company that has failed in many ways.What could this family have done different?

Question