How to Lose Money with 25 Years of Failed Businesses

Re:How to Lose Money with 25 Years of Failed Businesses by codenotmath on Thursday February 04, 2021 @05:27AM (#26024241)

Never work for the family business of another family.

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Re:How to Lose Money with 25 Years of Failed Businesses by tonyedgecombe on Thursday February 04, 2021 @07:55AM (#26024914)

Actually one of the best jobs I had was for a family business.

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Re:How to Lose Money with 25 Years of Failed Businesses by fakedang on Thursday February 04, 2021 @08:07AM (#26024985)

And some of the best jobs in finance (9 to 4, regular hours, high pay, stability) tend to be in family offices too.

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Re:How to Lose Money with 25 Years of Failed Businesses by jollofricepeas on Thursday February 04, 2021 @08:55AM (#26025312)

Me too. It’s not bad at all usually there’s more flexibility and room for advancement if the business is growing.

Same as anywhere else. Just remember the fundamentals...

- Stay out of office politics

- Negotiate your compensation

- Document everything

- Focus on value delivery

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Re:How to Lose Money with 25 Years of Failed Businesses by Taylor_OD on Thursday February 04, 2021 @12:36PM (#26027668)

It 100% depends on the family. I'd be curious if on average family businesses are better or worse places to work for employees who are outside the family.

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Re:How to Lose Money with 25 Years of Failed Businesses by jariel on Thursday February 04, 2021 @09:29AM (#26025566)

It depends on what you want in life.

In my own exposure - they are more loyal. Of course, you're probably not going to get to the top. But that's not what everyone wants.

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