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5 reasons why family businesses succeed

August 31, 2018 7:27 am
  1. All wealth is kept in one place and there is less likely chance of stealing and corruption.

 

  1. A sense of motivation to work hard regardless of the paycheck. Doing it for the family.

 

  1. A better understanding of the business and the history as well as why it’s done.

 

  1. Families preserve more than they accumulate.

 

  1. More accountability, every profit and loss is accounted for.

 

Author: Portia Mundela

5 reasons why family businesses succeed Reviewed by on . All wealth is kept in one place and there is less likely chance of stealing and corruption.   A sense of motivation to work hard regardless of the paycheck All wealth is kept in one place and there is less likely chance of stealing and corruption.   A sense of motivation to work hard regardless of the paycheck Rating: 0
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