Post by habibkhan36 on May 16, 2024 9:00:24 GMT
For this reason, family businesses need to be institutionalized and not be dependent on individuals. For this purpose, it is necessary to determine the operational processes in the company and record the business methods in written, visual or video form. In this way, the work in the company will not be disrupted in the absence of the relevant person or the time for the replacement person to adapt to the order will be shortened. Eliminating personal attachment prevents emotional decisions and prevents employee relatives from manipulating the company. Keeping every process recorded and accessible provides family companies with a transparent and fluid process. This brings early diagnosis and rapid action in possible risk situations. 3- “Separate work from family, this will have no end.” In family businesses, when commercial relations and kinship relations mix, things become difficult and the company goes into downsizing.
If there is uncertainty, there will always be chaos, and for this reason, a family Vanuatu Email List constitution should be prepared in family companies. The family constitution includes everything from the company's business practices to share transfers, salaries, and the positions that future generations will take. While creating this law, decisions should be made in line with the results that all family members will agree on and be happy with. A family member in the company who is dissatisfied with this law may return in the future as two, three, four or more, which may lead to bigger problems. In family businesses, not only employees but also non-working family members can be involved in the business. The car someone buys may make someone else in the family grumpy and ask, "Why can't I buy it?" It can create problems along with thoughts like these. In such family businesses, which consist of family members who feel that they have the right to make every request, the focus should be on business by preparing a family constitution and reassuring everyone.
Along with the family constitution, question marks, financial concerns, future uncertainty, etc. By clarifying the situations, each individual can be satisfied and everyone can focus on their work. 4- “He who invests in business invests in food, and he who invests in his own pleasure prepares for his suffering.” Some business owners start investing in themselves as soon as they achieve success and start making profits. For example; their cars, houses, furniture, etc. It changes its luxuries. Every person wants to invest in himself with the money he earns, especially if it is his own success and sweat, this is a natural reflex. When luxury becomes excessive and permanent, it begins to harm both themselves and the company. When it comes to family businesses, it creates even bigger problems because other working relatives may see this as their right and want to take action in this direction.
If there is uncertainty, there will always be chaos, and for this reason, a family Vanuatu Email List constitution should be prepared in family companies. The family constitution includes everything from the company's business practices to share transfers, salaries, and the positions that future generations will take. While creating this law, decisions should be made in line with the results that all family members will agree on and be happy with. A family member in the company who is dissatisfied with this law may return in the future as two, three, four or more, which may lead to bigger problems. In family businesses, not only employees but also non-working family members can be involved in the business. The car someone buys may make someone else in the family grumpy and ask, "Why can't I buy it?" It can create problems along with thoughts like these. In such family businesses, which consist of family members who feel that they have the right to make every request, the focus should be on business by preparing a family constitution and reassuring everyone.
Along with the family constitution, question marks, financial concerns, future uncertainty, etc. By clarifying the situations, each individual can be satisfied and everyone can focus on their work. 4- “He who invests in business invests in food, and he who invests in his own pleasure prepares for his suffering.” Some business owners start investing in themselves as soon as they achieve success and start making profits. For example; their cars, houses, furniture, etc. It changes its luxuries. Every person wants to invest in himself with the money he earns, especially if it is his own success and sweat, this is a natural reflex. When luxury becomes excessive and permanent, it begins to harm both themselves and the company. When it comes to family businesses, it creates even bigger problems because other working relatives may see this as their right and want to take action in this direction.