Keeping Your Family Business Run Smoothly
You should be able to tell the difference between family and business. The business premises should only be meant for doing business not solving family problems. The production is going to go down as a result of time is spent in addressing family issues. Time will be wasted in addressing family issues. If you are in the business premises work as if you don’t know anybody -treat them as business partners not as a family member. Correct the people who are doing inappropriate things. The junior should replace senior people.
Gone are the times when the senior family member was the one who was making all the decisions concerning the family. In business when the senior member of the family has resisted change then the younger ones should take charge of the firm. They should be able to step down and give the younger generation time to show him how things are supposed to be done.It is advisable that they leave and give the younger generation time to show him how things are expected to be done . They should open his eyes to see the opportunities that can help boost their lives. The younger generation should be able to see their seniors as the mentors not onsite managers.
The the issue of senior members of the family should stop telling people what they need to do and not should be discouraged. The junior should be the people taking charge and telling them what needs to be done. This is because of the many trending changes in the business that they are not even aware . They are still using their old tactics which might not work for the business presently. Eliminating the senior members from the business will lead to the success of the business.
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A family business should also keep proper paper records as other quoted company does. It is imperative to keep proper records since it will tell you the direction the industry has taken. They should not make any assumptions -all the records must be maintained. And there should be an accountability of anything that is not going as expected. as a result the business will thrive well.
Apart from that you should not make assumptions. When you anything that is not correct in the business you should not keep quiet. Don’t think that everybody knows what is right and what is wrong. Correct quickly the things that are not happening in the business as expected. Since the firm is their source of revenue they should work professionally not like some I don’t care individuals.
Family members should not engage in gossips. It promoted negative attitude in the firm. When part of members of the group has developed a negative attitude, it is going to interfere with the business outcome.