Research a peer-reviewed article related to current event, from UOP Library, and identify three challenges of balancing family and a family business. Which challenge do you think is most difficult and why? Describe a situation in which you would have to achieve that balance, and explain what you would do to overcome those challenges.

ANSWER:

The three main challenges of balancing a family and a family business to me is family feuding, nepotism and losing non-family employees. With family feuding comes about when people do not know how to separate business from their personal lives. Nepotism is hiring a family member even if they are not qualified for a position. Losing a non-family employee would be hard especially if they are qualified to run the business better than a family...