Do you think doing business with family is good?

@Lunnazol (296)
United States
December 29, 2006 12:23pm CST
I personally don't think so. It really depends on how much you trust the family member to begin with. But my experience is that everytime I have tried to do business I always get screwed up. They take my money or they don't pay back, they think that just because we're family nothing is owed, etc. A lot of times they don't even respect the fact that I am serious. Worst of all, you can't take their word. they are unreliable and shaky. I have learned the only ones i can do business with is my mother and my husband. I just don't trust any other family members because they haven't proved me otherwise. How hhas been your experience?
4 responses
@asfi123 (951)
• India
29 Dec 06
no i dont think so doing business with family is good because business is business and u just cant expect your family members to behave like businees partners they will take some advantage of you being a family member
@Lunnazol (296)
• United States
29 Dec 06
I agree and it's sad!
@amitavroy (4819)
• India
31 Dec 06
no doing buisness is very good. but if you involve family members in your buisness then the problem is that they become least bothered type and the seriousness goes. if you want to do buisness properly then do it professionally and if they can understannd then it is ok otherwise the buisness is in risk. i have one of my friend in such and office. the marketing me,bers are all in marketing and that is why the office has a very weak marketing department and so they dnt get a lot of customers.
• United States
31 Dec 06
NO NO NO, I think it's a terrible idea. There is no way to keep the two seperate and your feeling always get in the middle. I think you are right to not give money to those family members that have screwed you. Family thinks they can take advantage of you and not have to give anything in return becaue thier family. It's best not to get involved to begin with.
@bogdanel (1208)
• Romania
29 Dec 06
I have no experience in business with family but I saw some movies and I don't think that is a good place to make business.. because in business somebody must loose and it can be one of your family.. and is not likely..