Some family business will appoint family members into roles that they do not have the skills or training for. And this can have a negative effect on the success of the business and lead to a stressful working environment. In addition, the company can leave behind your sibling’s role and it will be very tough to think of a more difficult situation than being forced to fire your sibling. This article is going to show the reasons why you should not go into business with family.
Emotions Is Always Involved
You cannot avoid reality that emotion is part of every relationship and how it can affect your business. If you have a talk with a cousin trying to tell him about the mistakes he made or about their performance. And maybe you offer some advice on how he can make the proper adjustments. Any other employ who is not your relatives would just say okay. But your relative may take something personally because of the relationship that you have. And this will affects the firm.
You Are More Likely To Work Without A Contract
When you are starting a business you should always sign an agreement or contract with your clients or customers. When working with a family member, you may be afraid to ask them to sign an agreement or a contract. You want to avoid uncomfortable situations even if you know that clarification is necessary.
Project Delays Or Poor Work
A relative cannot be motivated to put their best effort towards the company because they know that they are not going to be criticised. And they may also believe that they cannot be fired and this lead to the business affection.
Inability To Terminate The Business Relationship In A Friendly Manner
When you have a careless employ you cannot give them bonuses or you cannot give them their salaries. Although it’s not a good thing but its part of business. But when dealing with family you cannot hold back bonuses or not giving them their salaries. And you cannot also fire your relative.
The Family Member May Not Be The Best Qualified
The only way for your company to be successful is to hire specialist in their respective field. You must have those who are qualified enough to help you move forward. You may bring the family members who have poor qualifications and this can ruin the company expectations.
Requirements Are Too High Or Too Low
You do not want any of your co-workers to believe that your relatives are getting special treatment. As a result you give him or her even more responsibilities. Your relative might not appreciate this and is now getting stressed out over the additional workload. In addition, you may start going easier on them because you know that your family member is getting hard time and you pass their responsibilities to other co-workers.
Family members may be expecting extra freedom that is coming to work late and asking for time off.