Working for Your Parents: Pros and Cons of Joining the Family Business

January 31, 2006 by Dane | 1 Comment
In Planning

William Alfred Richards Daughters.   Photo by EXB-WDC.

NFIB:

Pros
  • Familiarity
  • Backup
  • Willingness to teach you the ropes on your time
  • Second (and third) chances

Cons

  • Professionalism
  • Burnout
  • Resistance to change
  • Easier to go on autopilot
  • Harder to be objective about the chances for success

Photo by EXB-WDC.

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