The thought of hiring family members to work for you, is it right or wrong.

[TOZZIBLINKZ]

Family members and family relatives to an individual could indeed be a huge benefits to his or her business but we shouldn't ignore the fact that they too could be a huge discouragement to the Business of that same individual . Talking about the idea of hiring or employing your family members to work for you in your business organisation , I want to first of all points out that , it is indeed a great idea because at least you are sure that your fiduciary business duty will be kept because you trust your family members and your relatives for not releasing your business secrets to members of the public which possibly include business rivals and business competitors . But yet it is very important that we understand that , that is actually positively true to some extent because in most common businesses family members to a particular business owner have constantly led to the shutdown and bankruptcy of a particular business .

For example consider a business owner who owns a grocery store and then employ his family members to work for him as staff and employees . His family members may actually be making use of the grocery store's inventory and stocks without the consent of the business owner , and even if the business owners come to find out he wouldn't have the ground to scold the employee on staff because there are family . And this could lead to business bankruptcy and liquidation because the business stocks an inventory keep getting used by the family members , but yet there is actually no profit gained .

 

[CALVINDOL]

Employing or hiring individuals that make up your family members and relatives could be a great benefit to your business this is because you trust and have confidence in them not to issue out your business confidential secret to members of the public which possibly includes your business rivals and business competitors . But the parts where family members and relatives could be a burden to a particular business shouldn't be ignored and yes it is absolutely true , family members and relatives could actually be a burden to a particular business owner this is because majority of family members to a particular business owner maybe of jealousy and envy in attitude and so they do not have the interest of the business owners financial growth and development in their heart and mind rather domestic for ways to terminate his intentions to aspire in life .

Majority of businesses have gone bankrupt and insolvent as a result of the business owner situating his business in areas which family members and relatives are or as a result of him employing individuals who make up his family members and relatives . I'm just like you already mention how many members actually make use of the stock and inventory of a particular business without the consent of the business owner even if the business owners knows of that he has no right to scold them because they are family , and this indirectly exhaust the business stock and inventory without no business profit leading the business to bankruptcy and liquidation .

 

[Jasz]

While it can be tempting to let your family members get involved in your business, it's important to also remember that there are certain implications you should take into account. The main one is the possible loss of objectivity and impartiality. This can come in handy when you want to let a friend who isn't necessarily qualified for the job slide onto your team, but it can also cause problems if you're known to favor family members over others, especially if it means treating people unfairly or giving out promotions without a good reason.

At the same time, hiring family members can help you build loyalty, particularly if they really want the job and are willing to work hard. They might also be a great asset because they've known you for some time and understand what makes you tick. In short, if you decide to hire your family member for a position in your company, be sure that he or she meets all of the qualifications for that position and isn't being hired simply because you know each other. If you do this, it will never end well, sentiments can be very risky if we let it. You should think twice.

 

[Chibson]

The simple truth is that there is absolutely nothing wrong and employing your family member to help you to run a particular business. As long as the person is very much qualified to lead the business then there is no problem about that but if the person is not qualified to take over such a business it may be a big gamble.

The truth still remains that many a time some people always like their family members to take over their businesses because of trust issues as socially where they want to relocate to another geography colocation. if you have your family member as someone who is in charge of your business, you may actually have a rest of mind or like when you put your business into the hands of a stranger.

It all boils down to it with reality because some family members may actually not be able to run your business effectively while some would you so very much effectively.

One one of the first things I will be considering if I actually consider employing a family member into my business is competency. If he or she is very much competent, then that is actually a very good move but if not I will not try to do so.