Describe a family member who you want to work with in the future
You should say:
– Who/ he/she is
– Whether you worked together before
– What kind of work you would like to do with him/ her
And explain how you feel about this family member
Well, the family business is quite common in my country in which family members work together as a unit.
If given a chance, I would like to work with my elder brother. Actually, It is my long time dream that I set up an educational institute with my brother and together, we can make it a great success. The fact is that my brother is extremely good at management right from childhood, and at present, he is pursuing MBA.
If I talk about myself, I have a great inclination towards teaching, and it is my dream to become a teacher one day. In fact I have a bit of experience teaching poor children in my locality. Unfortunately, the area we live in ,the education standard is pretty poor. Students often have to move to nearby cities for better or quality education. However, Our institute will ensure that they get quality education in their own hometown.
This business, I must say, has a lot of potential as well, which would ensure that we are having good earnings as well. The best part is that my brother and I have a very good understanding. We never have conflicts, and we blindly trust each other, and these things would ensure the smooth running of our business.
Overall, I can say that I am pretty sure that we both will enjoy working together a lot, and I wish one day I will have the opportunity to work with my elder brother.
1. Are there any positive effects of working with a family member?
Certainly, there are many benefits of working with a family member. A family member would be more supportive if an occasional time off is needed. Secondly, the family member would also be satisfied as he would not have the fear of any outsider cheating him in business. However, one must realise that some work ethics have to be maintained even if one is working for a family member.
2. Why do people like to set up a family business?
Family business ensures employment within a family. If there is some business know-how to any person, he can start a small business and make it grow with family support. One does not have to go out hunting for jobs. By having a family business, one can be a job provider rather than being a job seeker.
3. What are the advantages and disadvantages of a family business?
The advantages are that one does not have to go out hunting for jobs. By having a family business, one can be a job provider rather than being a job seeker. An entrepreneur is his own boss. If the whole family works hard and the business flourishes, it can be a rags to riches story. The disadvantages are that if the business faces a slump, the whole family can turn from riches to rags overnight. The family members may also have conflicts if they feel that some of them are just reaping benefits without actually working hard.
4. Should companies promote competition, and why?
Yes, surely. Companies should promote competition because if they don’t compete, how can they run a business? They have to sell their products, and for that, they have to compete with their rivals. Otherwise, they will fail, and others will succeed. However, they should promote healthy competition and should not use unethical means to compete.
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