TOZZIBLINKZ
VIP Contributor
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 .
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 .