Doing business with a huge corporation can be a frustrating ordeal. Having a huge number of staff that aren’t necessarily in a job role that correctly caters to their strengths and weaknesses means the bigger a company gets, the more things that can go wrong.

Could family businesses hold some keys to success? We take a look at the positives that family run businesses benefit from:

Speed

For a family business, work can begin first thing in the morning around the breakfast table. If someone has an idea, that idea can be shared with the other members of the company who are in close proximity with them. The family is a natural team that can work out of hours, and in business, speed is everything.

Solidarity

Competing agendas can make for uncomfortable office politics. Family fights happen too, but when the entire family is involved in the same goal: of furthering the family businesses – these fights are quickly sorted. The family processes of working through problems and coming to a reasonable conclusion is a less politicised process than other office environments.

Nature Plus Nurture

Being involved in a business from a very early age gives future entrepreneurs a great insight into what it takes to make a busines work. Kids that grow up in the business, absorb the skills it takes to succeed more easily than others. They understand the trials and tribulations of running a business, leaving them free to explore ways of furthering the company in future.

Authenticity

Being amongst family means you can get away with being more emotional in your work; laughing more… and shouting more. The ability to be fearless and emotionally honest can help ideas thrive.

Trust

Businesses are built on trust. And that trust is most easily found amongst family members, especially if they are all striving for the same business goals.

Control

Family businesses find themselves in a rare and coveted opportunity to provide a stable future for future generations in their family. Having control over their future is a powerful motivator to focus and make sure things succeed.

Sheridan Doors are a family run business providing high quality shutters in Manchester.