Comments on: Business Mistakes

By: A. Fool

A. Fool — Mon, 12 Oct 2009 16:36:28 +0000

That is different; you aren’t exactly hiring a relative, you are training your child to take over the business. There is no reason to rip off yourself…(your left hand sneaks into your wallet, steals 1k and puts it in your left pocket). But hiring ugly Jo who prob. invested in Cash Pus with Auntie Ann’s money is par

By: Kevin Forge

Kevin Forge — Mon, 12 Oct 2009 16:23:54 +0000

The one exception I have to the Hiring family rule is your own children. Start them early (Weekends and summer from age 10. Earlier if they are bright.) Make sure all the senior managers know they are “deputy nannies”. Meaning the child must follow orders as if they came from the principal. I.e. You are not interested in any complaints unless it’s something insane and backed up by other people.

If you do this and over the years, have him/her work in all the departments and eventually in middle-management by late teens, then when he/she hits mid twenties, you can be confident you have created a replacement for yourself and go off to play gulf while the child runs the business.

By: a fool

a fool — Wed, 27 Feb 2008 19:00:21 +0000

It's a very bad policy, especially as the relative is sure
she won't be fired. Most relatives are given jobs because
they can't find jobs.

The first bell should go off if Niece Jo has never held
a job for longer than a month, or if Cousin Sam gets fired
on a regular basis.

By: cherrycher

cherrycher — Mon, 25 Feb 2008 13:30:10 +0000

Good article.
I def. agree with #1 – especially if that realtive is unqualified for the position. Not a good manaing strategy.
Cheers.