Question
Family businesses can be wonderful things but because of the close, sometimes difficult, relationships involved sometimes they can also be problematic. Imagine you are starting
Family businesses can be wonderful things but because of the close, sometimes difficult, relationships involved sometimes they can also be problematic.
Imagine you are starting a business with a couple of family members. They have great skills, but some of them have had trouble in various parts of their lives and careers. For example, one has had had financial trouble and another has had trouble with alcohol and drug abuse.
What ethical problems does this create?
If you decided to bring your family into the business, how would you handle the performance expectations?
3. Who else would you need to consult in order to be sure that this is a good idea?
Do a bit of research on family businesses. In addition to addressing the questions above, what else did you discover in your research. Include the web addresses of your sources. (If you use ChatGPT or another AI tool be sure you include it as a citation)
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