Is Managing a Business Same as Managing a Family

[nomad]

Whether you are the head of the family or the head of the business, you need management skills. However, managing a family differs significantly from managing a business. Business management focuses on profits, whereas managing a family revolves around love and responsibility. When you invest in the family, such as healthcare, education of kids, home, etc. these investments are not based on expected returns. However, your experience with running a family will also work with running a business. You can treat your staff like a family and work towards common goals.

 

[Starmix]

You're so right in your descriptions regarding the two terms managing a business and managing a family however, a family that is not cared and developed in trust there's a chance that it could fall like a business. Both must be proportionate to achieve business gain and in a family love, trust and prosperity.

 

[nomad]

You're so right in your descriptions regarding the two terms managing a business and managing a family however, a family that is not cared and developed in trust there's a chance that it could fall like a business. Both must be proportionate to achieve business gain and in a family love, trust and prosperity.

True indeed, whether you are running a family or a business, you need to establish a trustworthy relationship, when there is no trust, it is very likely that your business or family will disintegrate.

 

[eldavis]

Managing a family and managing business are two different things but in some ways are similar. Some of the skills you get when running your business can also be used when it comes to running your family.

 

[Stardom22]

ln my opinion l would say that managing a business is different to the management of a family. There are so much commitments and hardwork in the keeping of things together in line on the business than on the family management.

 

[Starmix]

True indeed, whether you are running a family or a business, you need to establish a trustworthy relationship, when there is no trust, it is very likely that your business or family will disintegrate.

That is right, trust is a very important factor to thrive in business and a family. It is so annoying to know that someone in the family lacks trust in us the same way in business.

 

[Springtime]

I think managing a family vs management a business is very different. Managing a business requires you to focus on profits, have rational thinking. Running a family is about love and responsibility. That said, in both situations, you need to manage your finance well.

 

[Starmix]

That's true managing business and managing a family is different. Each has each own ways like family ways or business ways that needs extra care for it's about money intended for the family.

 

[Ratine]

Management of the business is however more difficult to handle than dealing with the business. In most cases the running of the business may require some skillset for running of the successful business.

 

[Fidelia]

I think that in the other hand, if you can manage a business well, you would be able to manage a family because a business is tougher to manage than a family with different backgrounds of people and mentalities.

 

[Ratine]

Management of the family is far much better compared to the management of the business which is so stressful

 

[bestwriter]

You can sack employees if they do not perform well but when it comes to family you have to bear it all. Managing a family at times could be quite suffocating

 

[King Belieal]

You can sack employees if they do not perform well but when it comes to family you have to bear it all. Managing a family at times could be quite suffocating

You just took this out of my mouth. You are stuck with your family for life. But with both, man management skills are very vital and necessary.

 

[Shavkat]

I think it is. It is like having a wife that needs to grow and be matured enough to gain profit. It is a commitment that we cannot just leave it behind. It should be nurtured to be profitable and stable.

 

[King Belieal]

I think it is. It is like having a wife that needs to grow and be matured enough to gain profit. It is a commitment that we cannot just leave it behind. It should be nurtured to be profitable and stable.

If your wife is not giving you the desired attributes that you want, you can decide to divorce her. Same way you can close down a business that is not working out for you.