You’re absolutely right, i know a friend who owns a company and hired his brother to work there. His experience is basically zero, and he’s actually a beginner in that job. And yet my friend pays him more than all the other employees and even gives him bonuses. Because of that, he’s already running at a loss the way he’s doing things.
Bad business approach your friend made using his family person in the daily affairs of his business management with no skills and expertise about the business. Your friend might have thought that he was assisting his brother to get a living by working in his company to earn income than living a life he will be calling and disturbing him for money without working, and there follows some unmerited favours.
The right approach to have taken was to have connected him to a business colleague as referral for employment, his seriousn to learn on the job working for a complete stranger will be strong than when working in his blood brother company.
Often times that we will want to assist family persons grow we will not have an idea that we are doing it in the defect which can risk the success and existence of the business we have worked hard to grow.
You are actually right. Mixing family and business without proper boundaries can create more harm than good. Your friend likely had good intentions, trying to help his brother become responsible and financially independent. But by placing him in a key position without the right skills, he exposed his business to risk.
Helping family is good, but it must be done with wisdom.i would actually say business must actually remain business, we don't mix business with pleasure. If emotions take over your strategy or should I say logic, the whole structure can crumble.
