Running a business with a family member

LoukiaCharilaou · Dec 28, 2022

hastral45 said:
In other countries, it might be fair. But in Nigeria, don't attempt it. It is risky. The trust is not there. That business won't lat long.

I understand. I did not know that it is too risky in Nigeria. So, it is a matter of trust.

Bisolami · Dec 28, 2022

saoussen5765 said:
This is the first thing that family member won't work with his father because if you say you provide to him food, even other child or daughter you provide them food, and this is first reason they will work with people that could be your concurrent at work and lose trust easily. I am against working anyone for free even he is your child.

I totally understand your points but you know there are sometimes that we cannot escape working with a family member

hastral45 · Dec 28, 2022

Starmix said:
That's right Ric, it's my sister who manages my Milk Tea business. I pay my sister weekly and do sales inventory weekly too. Do you do inventory of your shop business?

It is good just as your sister help to managed your milk tea shop. One thing I want you to know is that when that your sister err, you won't be able to punish her without family interferance.

Bisolami · Dec 28, 2022

hastral45 said:
It is good just as your sister help to managed your milk tea shop. One thing I want you to know is that when that your sister err, you won't be able to punish her without family interferance.

You are very right and by then they turn it to a family business or something that has to do with the family which is normal but sometimes will not be favorable to the real owner of the business

Imran Noori · Dec 28, 2022

cherry123 said:
Do you think it will be productive to run a business family member or just employ a neutral person. You know some family members can be so entitled and lazy. What do you think?

If my family members have good business skills, I will work with them but if they don't have good skills then I can not ruin my business.

Yugocean · Dec 28, 2022

Skills are not something comes automatically, you will need to test them, guide them.

Enxx · Dec 29, 2022

cherry123 said:
This is for good family members there are ones with bad heart that might just to pull your business down

When I talk about family members I mean the nuclear family

Starmix · Dec 29, 2022

I have a milk tea business and it's my sister that takes care of it because I have work offline. I pay her weekly and she is glad to have some earnings. Though her husband is a seaman and sends her money for allotment, but she never fails my request. We can trust our family than hire strangers.

hastral45 · Dec 29, 2022

Bisolami said:
You are very right and by then they turn it to a family business or something that has to do with the family which is normal but sometimes will not be favorable to the real owner of the business

Many people that have gotten bad experience won't advice such relationships. Family interferance is the most difficult decision to make. They won't allow you to take decisive actions against erring family members.

Bisolami · Dec 29, 2022

hastral45 said:
Many people that have gotten bad experience won't advice such relationships. Family interferance is the most difficult decision to make. They won't allow you to take decisive actions against erring family members.

Another sad thing is that will treat you as if they own the business so I would not advise anyone to do that

Golden9 · Dec 29, 2022

The main reason I won't like to work with family members is because problems in the business cam affect personal relationships and vice versa. This is not good for all the parties involved in the long run.

Running a business with a family member

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