Question

After kate graduated from college last year, her uncle created an accounting position for her in his business. Her older brother is in charge of purchasing inventory for the store, yet often the store runs out of popular items or is overstocked with products that must be marked down to be sold. Abby is confident that her brother is more suited for handling accounting and finance, while she has a sense of what sells and how much sells. Although she has spoken with her uncle about it a couple of times, he seems reluctant to change. As the founder of the business, he may ___________.

Answer 1

As the founder of the business, he may find it difficult to remove family members from positions, even if it is not good for the business.

Step-by-step explanation:

When a family businessman firms a client, the "use by" date of the person generally goes on for a long time.

For most staff it doesn't take long for a greedy brother or sister to skate about. "He would have gone further," said the lunch room table, even though only family members are around. "When he wasn't Hank's son he would be long gone."

You should be ready to fire families if you employ family members. Divorces may be useful in prenuptial negotiations. Discussions about the exit procedures of family businesses can be helpful. The consensus that family members are conscious during these conversations that the need for one of them to leave the company does not mean they are a disappointment-or that they are not relevant for the family. Bear in mind that when he leaves the firm, you do not necessarily divorce a family member.