anoopthefriend
Most of us might have heard about business tricks and business deals. A lot of family businesses have been going on over the years throughout India and the whole world, and recently a lot of private stakeholder businesses have sprung up in between people with no blood relation, but like mindedness and varied skills.
Here are a few questions I want you to analyse and discuss:
1. Does family business yield better profits than private businesses?
2. Which is better in the long run - your family's business or your own?
3. Is the saying 'Every man to himself' more relevant in private business? How does this saying possibly affect a family business?
4. In India, why do you think family businesses rule over those that are private?
5. Add more questions if you like.
Discuss!
I Can't answer as question wise since one question and the other overlap.
FAMILY BUSINESS
+Reliability Among One Another.
+Economic and Moral Support from close and distant relations.
+Mutual Help.
+Each Other Understand One's Problem,capability and ability to do things.
-Problem in Business affect family ties.
-Creates a feeling "I Was Being Overloaded or Slaved".
-Clash Of Interests.<Too Many Cooks Spoil the Broth>
-Once Economic Position is clearly visible to other.
PRIVATE BUSINESS
+Full Privacy and Power to Decide.
+Self Reliability.
+Our Position is only Visible to Us. So No Can Define us.
+Responsibility.Thinking Singly With Our Responsibility to do things for family will not allow us to go in a Wrong way.
-Low Economic Helps.
-No One Is Trustable.
-No Mutual Help Mostly. Though It Occurs Sometimes there is always a feeling of owner-labour relationship. Both Doesn't Want to cross the limits. Owner Doesn't Understand Labour's feeling,Labour doesn't want to help or give idea to Owner to develop the business,since he was in the feeling,"I Work and I Was Paid,Nothing more than that".
-Depression.
CONCLUSION(SELF)
I Found the line in the question "which one lasts longer" to be wrong,Since the business one which satisfies the customer both with the price and quality lasts longer in my opinion.Yes there are help in family business. But for the person who doesn't want the relations indulge in his business,its totally irritating.Which Business? Private or a family one?
This Question is Answered With One's own position. Each One Can Give Marks According to the Advantages and Disadvantages.
for example;
one disadvantage of the private business is economy.if one is financially self sufficient,he can leave this easily. So Each One Should Decide on His Point of View.