For a new business, is it adviseeable to employ family and friends?

[Donkiz]

If they are qualified to handle the positions that they are vying for and can be able to deliver on the job, then there's no problem employing them. The problem with having families and friends in business is over familiarity which makes them not to be committed on the job.

 

[Godleads1]

A business at it's early stages is just like a newly wedded couple. The advice to them is not to allow people live with them for the first 4 to 5 years. So also is a newly established business. People should be employed outside the family circle at the initial stage and later on, family members could be integrated bit by bit and based in merit or certain qualifications.

 

[Ifective]

Why not. If you are sure that based on past experience, such family members are industrious and we do the work assigned to them like it's their own business, then there's no big deal.
It is even beneficial in case much funds isn't available

 

[Kelly5]

For a start up, would you advise he/she accommodates family and friends to cut cost?

Well well well. For a new business, it is usually the practice of employing family members. For positions like finance, procurement, these are very sensitive positions for Inner cocos members. But some families are have a load shear of traitors, so it'll be advised such should go for outsiders.

 

[Oliver 20]

employing your loved ones to help get your private company moving can be something worth being thankful for. Particularly on the off chance that they are truly keen on assisting you with getting it going in the early going and are working free of charge or for an extremely decreased compensation while you have pretty much nothing or nothing to pay out.

 

[.V.]

Employing family and friends is good because there is more trust and cooperation between family members. The downside is that they may be higher rate of incompetence due to the fact they feel you can't fire them because he or she is a family member.

 

[Thosynho]

For a start up, would you advise he/she accommodates family and friends to cut cost?

It depends though. When you consider cheap labour or workforce, starting up a business with family members or friends could really be of help however when one consider the aftermath of it all, it's not always adviceable. Everything has both good and bad side of it.

 

[golamike]

Employing family and friends for a new business is not bad if and only if the relationship will be kept professional. The familiarity attached to being family or friends may pose a threat to the business if not properly handled. If you have friends or family who are qualified to work with you, they can be employed as long as there's an agreement to not mix business up with friendship.

 

[Seyesystem]

Starting a new business doesn't mean that you can't employee your family members if you know how capable the person is and his loyalty is certain it's better to employ the person if he or her is interested in working in your new business. You own is to monitor you business and put in place all the required mechanism for the business to be successful.

 

[Adeyoola7]

Hiring a family member or individual with whom you have a personal relationship does not come without a fair number of risks. First and foremost, in making a personal hire, you run the risk of nepotism. There's also a chance that the friend or family member you choose to hire might take advantage of you.

 

[kayode10]

If you want to use family and friends to cut the cost in your business, you should be expecting them to cut corners on your work. You should employ them if they are ready to follow the rules and regulations of the working environment. Building s business is a great problem and now adding family issue to it will do nothing but to compound the problem. If they are will to sacrifice their time and effort for the benefits of everyone, they are well come in my business.

 

[Eyiteepraise]

You can only employ a friend or a family member into a business provided that they are going to comply with the company's rules and regulations. They must keep the familiarity aside and work as an employee, not a friend or family.

 

[Osaz96]

Starting up a business with family or friends solely depends on the relationship between the business owner and his or her family and friends. Not all families and not all friends are the same. The love support and togetherness in some families will leave you in awe, families like this stand by each other and do not allow mere material things cover their sense of love and judgement.

 

[EMMANUEL]

For a new business, is it adviseeable to employ family and friends?
Of course it a nice thing to have a family employ, just that there will be rules and regulations that must be in place to be able to achieve business goals.
Moreover having a family employee can also be beneficial in the aspect of Truth worry although I can't really agree with this to a some extent. But when there's discipline, guild lines, aim and objectives I believe it will work out.

 

[Sake]

Just hire a family member or friend that is responsible, and knows how to side aside being related to professional work. There's nothing wrong with that but we all have some kind of lazy relative that would only slack off on work just because they think you wouldn't be able to fire them. So you should be strict

 

[Adventurer]

At all not advisable, there is a saying that familiarity breeds contempt and this is true, but if it is going to be a temporary post then you may consider it. Do ensure your relative is not given preferential treatment.

For a start up, would you advise he/she accommodates family and friends to cut cost?

 

[Orluprosper]

Speaking on family and relatives in a business is a no no for me. When familarity comes in the picture for a business then you are certain to jeopardize the vision of the business let alone been a new business.

 

[Life drama]

No family or friends in buisness, employing your family or friends in your business is the not issue the main issue is the competence or the ability of the employees.employ who are only capable or who have the required skills and experience to your business.

Post automatically merged: Jan 8, 2021

No family or friends in buisness, employing your family or friends in your business is the not issue the main issue is the competence or the ability of the employees.employ who are only capable or who have the required skills and experience to your business.

 

[eenya00]

The golden rule of employment or in recruitment, don't ever employ someone you can't correct, scold and most importantly sack.
Be it your family or friends if you can't reprimand the person or purnish them when they do something wrong or if you can't sack them, then no need of employing them.

 

[Adam13]

Doing a business with family members can be a good thing, especially when you started It together. However putting your family member in your business can also lead to some unfavorable consequences. But if you ever want to work with your family member. Let him/her understand that it is a business and should be treated as such. After all the benefit is for all of you.