Your Friend, Cate, Comes from a Large Family

question 81

Essay

Your friend, Cate, comes from a large family. They have been talking about opening a family restaurant and are very enthusiastic about the prospect. Cate has talked to you at great length about the advantages of family business, but it is clear that she has not thought through the disadvantages. What should you tell her?
e.g., more commitment and lower pay than other employees.
-Someone from the business may automatically be promoted from the family even if they do not have adequate skills for the job.
-The business may be plagued with managerial incompetence, the lack of exposure to other businesses, and the inability to separate family and work.
-The business may be a breeding ground for jealousies, resentment, anger, and sabotage.
Hard

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Definitions:

Alzheimers Disease

A progressive neurodegenerative disorder characterized by memory loss, cognitive impairment, and eventual loss of the ability to carry out everyday activities.

Memory Skills

The abilities associated with the encoding, storage, and retrieval of information from the brain.

Serotonin

A neurotransmitter, derived from tryptophan, that's involved in mood regulation, appetite, and sleep, among other bodily functions.

Mood Disturbances

Patterns of emotional response that are inconsistent with or not typical for a person, which can include conditions like depression or bipolar disorder.