{"id":6822,"date":"2018-01-24T17:16:55","date_gmt":"2018-01-24T17:16:55","guid":{"rendered":"http:\/\/www.hippodirect.com\/blog\/?p=6822"},"modified":"2020-07-29T17:50:51","modified_gmt":"2020-07-29T17:50:51","slug":"family-business-provides-many-advantages","status":"publish","type":"post","link":"https:\/\/www.hippodirect.com\/blog\/family-business-provides-many-advantages\/","title":{"rendered":"Family Business Provides Many Advantages"},"content":{"rendered":"<p>A successful family business can become your greatest asset. In addition to providing great service to satisfied customers, a family business can provide steady employment and financial security for multiple generations of family members. Several of America&#8217;s most trusted companies, such as SC Johnson and Marriott, began as family businesses &#8211; and many continue to be <a href=\"https:\/\/www.insidermonkey.com\/blog\/15-largest-family-owned-businesses-in-the-us-563859\/?singlepage=1\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><span style=\"color: #3366ff; text-decoration: underline;\">led by family members<\/span><\/span><\/a> today.<\/p>\n<h2>Advantages of Family Business<\/h2>\n<p>Since 1992, Hippo Direct has always had a <a href=\"https:\/\/www.hippodirect.com\/list-broker\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><span style=\"color: #3366ff; text-decoration: underline;\">strong family connection<\/span><\/span><\/a>, which provides us with several advantages:<\/p>\n<ul>\n<li>A high level of trust among all co-workers and management<\/li>\n<li>The ability to jointly build a common future for company growth<\/li>\n<li>Shared histories and interests<\/li>\n<li>A deeper understanding of staff personalities<\/li>\n<li>The ability to speak frankly without fear of alienation when discussing important matters<\/li>\n<li>No corporate politics or hidden agendas<\/li>\n<li>Focus on providing service to clients without concern for &#8220;who gets the credit&#8221;<\/li>\n<\/ul>\n<h2>Disadvantages of Family Business<\/h2>\n<p>Like everything else in life, there can be some drawbacks to a family business. Potential problem areas include:<\/p>\n<ul>\n<li>Less structure &#8211; entailing a lack of clearly-defined roles<\/li>\n<li>Need to develop a succession plan<\/li>\n<li>Ensuring tough decisions are understood as business decisions &#8211; not personal decisions<\/li>\n<li>Personal relationships impacting all areas of the family<\/li>\n<\/ul>\n<p>To me, the pros far outweigh the cons regarding a family business. If you get to experience this truly special type of business at some point in your life, make sure to embrace it for all its worth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A successful family business can become your greatest asset. In addition to providing great service to satisfied customers, a family business can greatly benefit multiple generations of family members.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54,50],"tags":[],"class_list":["post-6822","post","type-post","status-publish","format-standard","hentry","category-business-growth","category-family-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.7 (Yoast SEO v26.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Family Business Provides Many Advantages - Hippo Direct<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hippodirect.com\/blog\/family-business-provides-many-advantages\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Family Business Provides Many Advantages\" \/>\n<meta property=\"og:description\" content=\"A successful family business can become your greatest asset. In addition to providing great service to satisfied customers, a family business can greatly benefit multiple generations of family members.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hippodirect.com\/blog\/family-business-provides-many-advantages\/\" \/>\n<meta property=\"og:site_name\" content=\"Hippo Direct\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/HippoDirect\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-24T17:16:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-29T17:50:51+00:00\" \/>\n<meta name=\"author\" content=\"Greg Branstetter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@hippodirect\" \/>\n<meta name=\"twitter:site\" content=\"@hippodirect\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Branstetter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.hippodirect.com\/blog\/family-business-provides-many-advantages\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.hippodirect.com\/blog\/family-business-provides-many-advantages\/\"},\"author\":{\"name\":\"Greg Branstetter\",\"@id\":\"https:\/\/www.hippodirect.com\/blog\/#\/schema\/person\/6ae29fba984a9bb9cf723ba1f154d62f\"},\"headline\":\"Family Business Provides Many Advantages\",\"datePublished\":\"2018-01-24T17:16:55+00:00\",\"dateModified\":\"2020-07-29T17:50:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.hippodirect.com\/blog\/family-business-provides-many-advantages\/\"},\"wordCount\":245,\"publisher\":{\"@id\":\"https:\/\/www.hippodirect.com\/blog\/#organization\"},\"articleSection\":[\"Business Growth\",\"Family Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.hippodirect.com\/blog\/family-business-provides-many-advantages\/\",\"url\":\"https:\/\/www.hippodirect.com\/blog\/family-business-provides-many-advantages\/\",\"name\":\"Family Business Provides Many Advantages - 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