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Inherited businesses are more profitable.
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[QUOTE="Good-Guy, post: 222099, member: 29109"] I think that there are various reasons why inherited businesses are more profitable as compared to other newly started business. First of all, the inherited businesses are basically well-established business. This is because the elders of the inheritors have already worked so hard to establish that business and it takes a lot of time to make a business successful. So when the offspring of such businessmen inherit business, they tend to get a business that is already well-settled in the first place. Secondly, one of the biggest reasons why inherited businesses are so successful is because they already have a proper management channel in the first place. When you create a new business, you have to hire managers, supervisors, and other people who would manage the business for you. However, since inherited businesses are well-established, they already have a proper system of business management. lastly ,one of the biggest reasons why such kind of businesses are so successful is because they eventually become a brand by the passage of time! For example, there are many businesses that are too old and they always have a slogan like "Since 1950" that denotes that the business is quite old and it was inherited by the children of the people who ran the business. [/QUOTE]
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Inherited businesses are more profitable.
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